According to Barron's, the head of research at Arcane, Bitcoin bulls could aim for $25,000 if they manage to surpass the $22,500 mark.
The biggest cryptocurrency by market capitalization may soon see extremely high volatility.
According to Lunde, Bitcoin's volatility is currently very low and shouldn't continue for very long.
The lower limit of the range has been successfully held by the bulls, who have prevented Bitcoin from falling below the $18,000 mark.
Due to the U.S. stock market's two-day winning streak, the price of Bitcoin recently reclaimed the $20,000 mark.
As a result of the benchmark stock market indexes trading in the red once more, it has since fallen below that crucial price level.
Traders are currently anticipating the U.S. Labor Department's release of nonfarm payroll data, which could provide markets with more hints.