Analyst: Market indicators indicate that crypto trading activity has not yet shown significant improvement. Bitcoin remains in a consolidation phase, waiting for a direction to emerge.

On October 14th, an article by crypto market analyst Axel Adler Jr. appeared on social media. He pointed out that the recent price fluctuations of Bitcoin were relatively small, indicating that market activity remains low. The volatility index and the ratio of capital inflows and outflows are still below the average levels of the past year, and trading activity has not shown any significant improvement. This index is composed of price volatility, the ratio of capital inflows and outflows at exchanges, and the ratio of active buying and selling activities. The 30-day moving average fell below the one-year moving average on September 12th, and reached a low point on October 6th. Currently, the index stands at 1,768 points, while the one-year average is 1,828 points, and it has not yet returned to above this level.<br /> <br /> Axel Adler Jr. stated that since daily readings can be highly volatile, the 30-day moving average provides a more accurate representation of trends. As long as this indicator remains below the one-year moving average, the market will continue to be in a low-active state, which is consistent with Bitcoin’s recent narrow range of fluctuations. Conversely, if the index reappears above the one-year moving average, it could indicate a potential recovery in trading activity. Whether prices can break through the Bollinger Band will determine the direction of future movements.<br /> <br /> From October 6th to 13th, the width of the Bollinger Band narrowed from 11.6% of the price to 4.9%. During this period, Bitcoin’s price dropped from $85,800 to $83,200, with limited changes in recent days. Currently, the upper boundary of the range is at $86,000, and the lower boundary is around $81,900. The analyst believes that if prices can remain above $86,000, it would be considered a signal of an upward trend. However, if prices fall below $81,900 and remain below this level, it may confirm a downward trend.