Indicator Signals Possible Explosion of Positive Bitcoin Volatility
BTC Traders Could Be in for Another Ride 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.
BTC traders could therefore be in for another ride past the $100K milestone, as this Bitcoin indicator reflects early November positivity that foreshadowed a 40% price explosion.
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According to Coindesk data, the indicator is at a level not seen since Nov. 4, the day before the U.S. election. The largest cryptocurrency subsequently surged to $100,000 from $70,000 in four weeks.
