Bitcoin’s volatility between US$9,000 and US$10,000 has been going on for several months. In the recent period, the trend of Bitcoin has continued to be weak, and price fluctuations have further reduced. US$9,200 seems to be Bitcoin’s “comfort zone”.

From historical data, the price volatility of $100 is insignificant for Bitcoin. However, as the volatility of Bitcoin’s price has fallen sharply today, the return of volatility seems to mean that Bitcoin is about to break the current consolidation trend.

Arthur Hayes, CEO of Bitmex Exchange, and Changpeng Zhao, CEO of Binance Exchange, both tweeted that many cryptocurrency traders and investors are celebrating the return of Bitcoin’s volatility.

Even so, there is still a long way to go before Bitcoin once again challenged $10,000. In the upward process, there will be greater resistance at $9,600 and $9,800.

Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, hinted on Twitter that investors should be cautiously optimistic about Bitcoin. He pointed out, “As the market recovers, we have seen breakouts and bullish trends. But I don’t think Bitcoin will break upwards because it is still jumping around.”

Other major cryptocurrencies basically maintained their upward trend. Ethereum and Bitcoin Cash rose more than 2%, and Bitcoin SV rose nearly 5%.