Indicator Signals Possible Explosion of Positive Bitcoin Volatility
BTC traders may be in for another run past the $$ 100K milestone, according to Bollinger Band analysis
Wagner Riggs
Dec 12, 2024 4:45 PM

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A Bollinger band indicator, a tool used to assess imminent changes in financial market instability, is signaling a potential explosion of volatility in the price of Bitcoin.
Therefore, BTC traders may be in for another run past the $$ 100K milestone, as this Bitcoin indicator reflects the positivity from early November that foreshadowed a 40% price explosion.
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According to data from Coindesk, the indicator is at a level not seen since November 4, the day before the US elections. The largest cryptocurrency subsequently rose to $$ 100K from $$ 70K in four weeks.
