Max boredom: potential Bitcoin scenario with low volatility until 2021

The price of Bitcoin increased by 3% in the last 24 hours from $10,322 to $10,680.

BTC still faces a significant resistance level around $11,000 and has seen low volatility since Sep.

3.The declining open interest of the futures market and the stagnant spot market volume raise the probability of low volatility.

Low volume, low open interest and major Bitcoin resistance aheadTechnically, Bitcoin is in a position where it has risen above a crucial level at $10,570, which has previously acted as a resistance area.

The confluence of the lackluster open interest and volume, combined with the major $11,000 resistance level, could cause BTC's volatility to remain low for an extended period.

The aggregated open interest of the Bitcoin futures market declined from $5.7 billion to $3.8 billion in the past month.

The spot volume of Bitcoin remained below $500 million for most of the past month.

Bitcoin saw a minor breakout of Bitcoin above $10,500, which traders are generally optimistic about.

What are traders saying?Meanwhile, a pseudonymous trader known as "The Crypto Monk" said the weekly chart of Bitcoin shows a neutral trend.

PlanB, the pseudonymous creator of the stock-to-flow indicator also believes Bitcoin is on the verge of a major rally if the S2F model keeps following its historic pattern.