Bitcoin's current low-volatility phase is likely a precursor to a breakout to new all-time highs, reflecting similar patterns observed in past bull cycles.
The broader market suffered alongside Bitcoin, with Ethereum's ether dropping more than 5% and the ETH/BTC ratio hitting its lowest in over three years.
Despite the recent downturn, analysts suggest that altcoin investors may see potential upside in Q4 and beyond, hinting at a possible market recovery.
The ongoing consolidation period for Bitcoin since its March all-time highs is reminiscent of previous cycles, where patience is critical before significant price movements.
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