According to U.Today, recent discussions among prominent figures in the crypto community have focused on Bitcoin's (BTC) current status and its potential future. On July 30, influential market participants shared their insights on the challenging conditions facing Bitcoin traders. Alex Kruger suggested that when Bitcoin reaches new all-time highs, only a few traders might still be active and financially capable. Another notable figure, BTCVIX, also acknowledged the difficulties traders have faced in recent months. However, he highlighted a significant technical indicator: Bitcoin is experiencing its third tightest weekly Bollinger Bands in history, indicating that major price movements could be imminent.
John Bollinger, the creator of the Bollinger Bands, supported this observation, stating that the market is currently in a
