【Analysis: Bitcoin's Bollinger Bands Recently Narrowed to Historic Lows】Golden Finance reported that Bitcoin's Bollinger Bands have recently narrowed to historic lows, indicating that the market is about to experience significant price volatility. Technical analyst Tony Severino pointed out that this 'Bollinger Band contraction' phenomenon is typically accompanied by notable price movements, which historically have led to multiple bull markets. For example, after the Bollinger Band contractions in April 2016 and July 2023, Bitcoin's price saw significant increases. However, contraction does not indicate the specific direction of the price, and may lead to substantial price increases or decreases.