Bitcoin: Something Big Is Brewing

SummaryBitcoin has been very quiet over the last month, but history suggests we are in for a volatile week.Bitcoin is due for a break-down or a break-out.Ultimately, I favour the idea that one more low is in the cards.Thesis SummaryBitcoin (BTC-USD) has barely moved over the last few weeks. However, historical evidence suggests we could see some wild price swings this week. This could come in the form of a relief rally, a final capitulation event, or even an impulsive rally that suggests the bottom is in.Something Big is BrewingBitcoin has been lying dormant for the last few months. The coin has seen reduced volatility, and the price has been almost flat. In fact, Bitcoin has outperformed the broader market since it bottomed in June. While the market S&P has made fresh lows, Bitcoin has held support.S&P and BTC (TradingView)Sentiment is at an all-time low for both crypto and stocks, and this could mean that the bottom is near, which would be confirmed with a strong reversal. However, there is also a chance that we will get one final shakedown.In any case, it seems like Bitcoin is nearing a big move, and this is supported by history. Below, we can see the Bitcoin Price and the Bitcoin Volatility Index since 2018.BTC volatility (TradingView)As we can see in the chart, when volatility has reached such low levels in the past, it has often been followed by a big move in price. In October 2018, we got a sell-off which took B...