The width of the Bollinger bands in Bitcoin (BTC) is the narrowest since the beginning of the year While we are in range, a new hard move seems to be at the door.
On-chain analytics platform Glassnode July 17 Posted on his official social media account on in the shipmenton Bitcoin daily chart 20 days Bollinger band gap January since the narrowest level has been reached.
A price gap of only 4.2% separates the lower and upper bands, making the Bitcoin market the quietest since the recession in early January.
Due to low volatility, the distance between Bollinger bands to 4.2% Noting that it has fallen, Glassnode hinted that a new hard move is at the door. At the beginning of last January, the Bollinger bands broke out of the range. to similar levels with Bitcoin falling to 50% close upwards There was a rally. However, the possible rally direction one from Glassnode about guess did not come.
Nevertheless on the technical side, your price soon lower tape test in addition to its on the fundamental side in US Securities and Exchange Commission (SEC)-Ripple taken in the case partial victory, of investors upwards a rally to wait led to
distance between Bollinger bands narrowing, by technical analysis circles high volatility price movements to live about a signal It is considered.
Coinecko according to data 30 days in 13% appreciated bitcoin, end 24 hours in 0.7% depreciating as of writing $29,960 traded at the level.
