Bitcoin (BTC) Price Is Less Volatile Than Gold (GLD) and Stocks, Hinting at Violent Price Action Coming: K33 Research

With the exception of a brief, Ripple-related, mid-July move up to $31,800, bitcoin has traded in an increasingly tighter range for the past six weeks, its price mostly sticking between $29,000-$30,000, and then for the past few days rarely moving out of the $29,000-$29,500 area. At press time, it was changing hands at $29,100.