Well-known analyst Will Clemente said that he expects higher price movements in the near future, pointing to the narrowing weekly consolidated price range in Bitcoin (BTC).
Clemente posted on his official social media account on May 24. in the shipmentBitcoin In the 7-day consolidated price range of the squeeze high volatility claimed to have created an expectation.
narrowing of analyst trading range. recent high volatility One to break he pointed out. Moreover similar One of the scenario at the end of January that it happened Notably, Clemente said that at the end of the January squeeze, Bitcoin’s approximate 50% gain reminded.
According to technical analysis circles narrowing price ranges after a point of buyers or of vendors in a certain direction with high momentum cause price movements.
On-chain analytics platform glassnode also recently published in the post, with Clemente in a similar direction He stated that high volatility price movements are expected by expressing his opinion.
According to Coinecko data, the latest 30 days in 4.4% depreciating bitcoin, end 24 hours in 1.8% declining as of writing 26,200 traded at the dollar level.
