The BBWP indicator indicates an imminent pump on the BTC price chart. Crypto trader and blogger Moustache (120.1 thousand subscribers in X) drew attention to this:
“Big move for#BTCvery soon?
The last time the BBWP indicator showed a blue band was in October 2023 and January 2024.
-Both times Bitcoin subsequently increased by more than 80%
- Trenline is also intact
If we see the same scenario, $BTC will be well above $100,000 👀"
Last week, Moustache also wrote about expectations for a price pump for altcoins, noting the similarity of the current structure on the chart of their capitalization with the chart for 2018-2021.