Bitcoin's recent dip below the $29,000 mark is more significant than it seems, given the context of its trading range. Bollinger Bands, a crucial market indicator assessing price volatility, have shown an unusual tightness in Bitcoin's recent performance. Only twice before in Bitcoin's history has such a narrow spread been observed. But what does this mean for Bitcoin's future?...
Bitcoin at $28.5K: Unpacking the significance of tight Bollinger Bands
08/18/2023 00:00
With the descent to $28,500, Bitcoin's price breached the lower Bollinger Band, suggesting a potential market turnaround.
Bitcoin at $28.5K: Unpacking the significance of tight Bollinger Bands 29 seconds ago · 2 min read
Bitcoin's breach of a lower Bollinger Band may suggest a market turnaround.
2 min read
Updated: August 17, 2023 at 5:26 pm
Cover art/illustration via CryptoSlate