Bitcoin's Squeeze Sets Stage For Major Price Swing

From beemarkets.com

Bitcoin's BTC$88 589,34 price chart looks super calm via Bollinger Bands, a volatility gauge, hinting at a massive swing ahead. BTC has traded in a tight range between $85,000 and $90,000 for the past two weeks. As a result, the gap between its Bollinger Bands, volatility bands placed two standard deviations above and below the 20-day simple moving average of the asset's price, has narrowed to less than $3,500, the lowest since July, according to data source TradingView. This so-called Bollinger Bands squeeze indicates a low-volatility period in which the market is building energy for the next big move. History ... (full story)