😱😱😱Shocking price prediction from the famous analyst: Three months for Bitcoin!
The famous cryptocurrency analyst known as TechDev made a price prediction for Bitcoin according to the ”Bolinger Bands" indicator.
The price of Bitcoin could double in as little as three months, according to the Bolinger Bands indicator commonly used by analysts. The pseudonymous analyst TechDev told his 440,000 followers on X that #Bitcoin has closed above the upper Bollinger Band for two months in a row, adding that every time Bitcoin has done this in the past, its price doubles over the next three months.
According to the data in the past, the trend in Bitcoin is positive!
In technical analysis, Bollinger Bands are a tool that measures the momentum and volatility of an asset within a certain December. Typically, prices can show this overbought signal when they touch the upper band, while touching the lower band indicates that an asset is oversold.
However, Bollinger Bands are just one of many technical indicators available to analysts, and according to Investopedia, they are much more reactive than predictive given their use of historical price movements and volatility data. Metrics can also differ greatly during peak bull and bear markets.
According to the Bolinger Bands, the famous analyst TechDev, who stated that the Bitcoin price could double in just three months, delighted cryptocurrency investors. #BTC , whose volatility increased due to a very short stay in Halving, gradually began to rise. Whether this upward movement can be permanent is being followed with curiosity. This 12-day time frame will be a decisive process for BTC.
