Bitcoin has been trading in such a narrow trading range that apparently it is now even less volatile than stocks like Amazon, Apple and Netflix! If that would remain the case, one of the arguments against bitcoin as currency would become solved, however it would also become much less attractive as a speculative asset that would attract masses to push up the price and gain more adoption. It is kind of a paradox that we need to overcome. However I believe that bitcoin's current stability is going to be just a temporary phase: it will sooner or later break out of this trading range. Could be either up or down theoretically, but I put my money on down before we can go up again (at least in terms of probabilities).
