In early November, Cathie Wood’s ARK Investment released its Bitcoin monthly report for October. Bitcoin has been fluctuating in a smaller range recently. The longer it hovers here, the greater the energy for an upward or downward breakthrough.

Highlights from the ARK report:

Bitcoin price has been trading between support at $18,814, the investor cost benchmark, and resistance at $23,460, the 200-week moving average, for three consecutive months.

Bitcoin’s record low volatility suggests that volatility is likely to increase in the short term, with prices either rising or falling.

Bitcoin appears to be performing better than some large-cap stocks amid the current risk-off sentiment.

Bitcoin appears to be more stable than major foreign currencies such as the euro and pound sterling in adverse macro environments.