TechFlow news, according to the latest Matrixport report, Bitcoin has been trading in a narrow range over the past six weeks, with implied volatility dropping from 100% during the week of Bitcoin ETF approval to just 45%. Although there are expectations that Bitcoin ETFs could be promoted during the Super Bowl on February 11, 2024, Bitcoin is expected to remain range-bound until then.
While traders anticipate up to six rate cuts (1.5%) in 2024, Federal Reserve officials are attempting to push back, and markets may wait for another surge in equities following the first rate cut, with potential stock and Bitcoin consolidation occurring beforehand.
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