Bitcoin (BTC) Price Forecast: squeeze sets stage for volatility explosion
CoinDesk
Bitcoin's recent low volatility, indicated by compressed Bollinger Bands, historically precedes a major price swing.Summary
Bitcoin's price action has recently shown extreme calmness, trading tightly between $85,000 and $90,000 for two weeks. This low-volatility period is confirmed by the narrowing of its Bollinger Bands to the tightest level since July, signaling that the market is accumulating energy for a significant price move. Historically, such Bollinger Band squeezes have accurately preceded major volatility explosions, citing examples from late July and late February where tight ranges were followed by substantial price swings in either direction. Consequently, traders are advised to remain vigilant as Bitcoin's price could soon move rapidly.
(Source：CoinDesk)