Bollinger Bands, one of the important technical indicators, indicate new volatility movements for Bitcoin (BTC).
Bollinger Bands, which have historically accurately predicted serious bullish signals, represent a new trend for Bitcoin. rise signal gave.
Same technical indicator 2016 And 2022 It caused a serious impact on Bitcoin by giving a similar signal in He correctly predicted the beginning of the bullish wave. On the other hand, this indicator did not remain only as a bullish signal and brought serious with volatility also came to the fore.
Bollinger Bands, which give these signals on a monthly Bitcoin chart, correspond to the difference between the upper and lower bands measured as a percentage of the moving average.
Although this technical indicator to the beginning of the bull runs Even though it points to a similar point, there is always a risk in investors acting on a single signal.
According to CoinGecko data, in the last 24 hours 1.7% Bitcoin losing value at the time of writing from $42,186 is being traded.
