The price of Bitcoin (BTC) has seen low volatility throughout the past six weeks, hovering in the $9,300 to $9,900 range for most of the time. This has led traders to warn that it is likely to cause a massive price movement in the near-term.
Over the last 12 months Bitcoin has seen two extended ranges. One was in June 2019 and the other in December 2019. In both instances the price of BTC saw a 40% move in the following months.