The popular analyst stated that Bitcoin (BTC) may host large volatile movements soon.
Bitcoin, which has not been able to exhibit the expected volatility for a while, Bollinger Band Width (BBW) fell to a low level not seen in a long time.
About the issue on social media in the statement The analyst named “Game of Trades” said that BBW had reached these levels before. November 2018, October 2016, June 2015 And June 2012 declined in the dates and then There are large volatile movements he pointed out.
Moreover October 2020BBW fell to a similar low in , and shortly after this signal, Bitcoin 10 thousand dollars from the band towards 50 thousand dollars It triggered a serious rise.
Although it is emphasized that BBW squeezes may bring volatile movements, the movement Will it be up or down? The difficulty of making a prediction was also highlighted.
The analyst implies that it is almost the calm before the storm. history repeating itself can told:
Bitcoin recently witnessed its deepest weekly Bollinger Band squeeze. Historically, major moves have generally come from these levels. But the difficult part was the direction.
According to CoinGecko data, in the last 24 hours 0.2%dif the loser is Bitcoin, at the time of writing from $28,230 finds buyers.