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🔥Analyst: Bitcoin’s daily Bollinger Bands have narrowed to the lowest level since early 2024, possibly signaling about 40% volatility
According to CoinDesk, the overall cryptocurrency market was relatively stable on Friday, with Bitcoin trading with slight fluctuations around 71,700 USD and Ethereum at 2,180 USD, continuing the low-volatility trend seen over the past few months. In terms of technical indicators, Bitcoin’s daily Bollinger Bands have narrowed to the tightest level since early 2024. Crypto analyst Eric Crown said that since early February, Bitcoin’s price has been holding in the 63,000 to 75,000 USD range; historically, whenever such a narrowed range occurs, the price ultimately sees about 40% volatility. According to CoinGlass’ liquidation heatmap, if Bitcoin suddenly…
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