📊📉 Chief analyst Checkmatey from Glassnode, a cryptocurrency on-chain data analysis company, highlighted an interesting observation regarding Bitcoin (BTC) Bollinger Bands. Checkmatey pointed out that the spread between the upper and lower bands, which reflects stock price fluctuations with the same standard deviation, currently stands at 2.9%. They noted that this level of spread has been witnessed only twice in the past: in September 2016 and January 2023. This analysis indicates that the current trading range and volatility for Bitcoin are notably higher compared to historical instances. Market dynamics and volatility trends play a crucial role in assessing potential price movements and trends. 📈📉 #BitcoinAnalysis #BollingerBands #VolatilityTrends #MarketInsights