The famous trader is hinting at an upcoming Bollinger Bands squeeze Bitcoin
As the cryptocurrency market remains relatively stable, renowned analyst John Bollinger predicts a possible Bitcoin breakout this week.
In a recent Twitter exchange with fellow analyst Bob Loukas, who mentioned that Bitcoin is"coiling and tightening - building pressure," BollingerThe anticipation of a Bollinger Bands squeeze suggests that the market could soon experience increased volatility, leading to a significant price movement., created by John Bollinger, is a popular tool used in technical analysis to measure market volatility and identify potential breakouts.
At the time, he questioned whether this could be the turning point in the crypto cycle or if the market would punish itself again. The answer to that question may be just around the corner.
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