🚀 Bitcoin traders, brace yourselves! A key technical indicator, the Bollinger bandwidth, is hinting at potential volatility ahead. This tool, which measures market jumpiness, has narrowed to levels not seen since a major price surge last November.
- Bollinger bands track price movements, and the current narrow bandwidth suggests a volatility boom could be on the horizon.
- Historically, when bandwidth drops below 10%, it often leads to significant market moves, though the direction remains uncertain.
- BTC is currently trading between the bands, leaving traders on edge.
What do you think? Will BTC soar or dip? Share your thoughts in the comments!