Bitcoin slipped by 0.67% on Saturday, reversing most of Friday’s 0.74% gain, to end the day at $6,595.1.

The reversal took Bitcoin into negative territory for the current week, Bitcoin down 0.4% to the end of Saturday, in yet another sequence of gains and losses that has left Bitcoin in its extended, low volatility rut.

A start of a day intraday high $6,648.2 saw Bitcoin fall short fall short of the first major resistance level at $6,752.07 and the 38.2% FIB Retracement Level of $6,757, with a broad based market reversal in the late morning seeing Bitcoin pullback to sub-$6,600 levels and an intraday low $6,563.7 before recovering through the afternoon.

Attempts at breaking back through to $6,600 were faced with plenty of resistance, with the Bitcoin bulls unable to hold onto $6,600 levels by the day’s end, in spite of a number of moves through the new line in the sand over the course of the 2^nd half of the day.

While the low volatility environment will be an unwanted development for the day traders who have enjoyed sizeable intraday swings, it will likely be considered a positive development by both governments and regulators and it couldn’t be timelier, with the SEC’s 26^th October deadline for the review of the 9 Bitcoin ETF applications that had previously been declined.

The volatility would have been one concern for the SEC, while price manipulation and fraudulent activity remain the key concerns. The low volatility is also a statement that price manipulation has perhaps abated. Anomolies occur and will likely continue, the recent short sell ahead of the Goldman Sachs announcement to hit pause on its cryptocurrency trading desk still a lingering reminder of Bitcoin’s somewhat shady past.

After wild swings and rollercoaster rides, Bitcoin looks to have settled into a long-term relationship with its investors, who are not speculating their days away and appear to be in it for the long haul.

What comes next remains in the hands of governments and regulators, in spite of Satoshi’s dream of decentralisation and a break from the mainstream, but should the environment remain as it does today, Bitcoin and the broader market could soon begin to find its much needed divergence, performances driven by innovation and product differentiation, which would then begin to spell the beginnings of a is already being labelled a maturing market.

Interestingly, as the 10^th anniversary of the Global Financial Market stock market crash of 29^th September 2008 passed with little fanfare, the Dow Jones Industrial Average (“Dow”) 777.68 point slide the largest intraday fall until this year’s ‘Bitcoinesq’ moves back in February, it wasn’t the size of the fall that was poignant, but the influence it had on Satoshi Nakamoto, as Bitcoin approaches its 10^th anniversary.