Summary
- CoinMarketCap said Bitcoin's weekly Bollinger Bands have been compressed to the narrowest level ever.
- They analyzed this could be a signal that price volatility may intensify.
- They said Bitcoin at one point fell below 112,000 dollars, but is currently trading at 113,166.01 dollars, up 0.72% from the previous day.
Bitcoin (BTC)'s weekly Bollinger Bands have been compressed to the narrowest level in history.
On the 25th (local time), CoinMarketCap analyzed, "Bitcoin's weekly Bollinger Bands have been compressed to the narrowest level in history. This is a signal that price volatility and movement could soon intensify."
Meanwhile, Bitcoin showed weak movement throughout this week and at one point fell below the 112,000 dollars mark. It is currently trading on CoinMarketCap at 113,166.01 dollars, up 0.72% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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