Thu 01 Aug 2024 ▪
3 min read
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Bitcoin shows signs of increased volatility, with the Bollinger Bands reaching their tightest point in a year.
Bitcoin shows signs of increased volatility, with the Bollinger Bands reaching their tightest point in a year.
The crypto signals provided by the Bollinger Bands suggest an upcoming phenomenal price increase for Ripple(XRP)!
Just like previous cycles, the price of Bitcoin experienced a correction corresponding to the Fibonacci ratio of 0.618, around $48,000. Nothing new at this stage. Traders now need to focus on the Bollinger bands to determine the next step.
In terms of technical analysis, Bollinger Bands are undoubtedly the most widely used indicators. Recently, famed trader John Bollinger spoke out about current market conditions. Discover the future of bitcoin (BTC) according to Bollinger's analysis.