Crypto
Bitcoin's Volatility Indicator Suggests Explosive Move Ahead
A technical indicator suggests that Bitcoin is approaching a period of intense short-term volatility.
The popular analyst Ali Martinez stated, 'A big move could be just around the corner,' and notes that BTC's Bollinger Bands on a 3-day scale have started squeezing.
This development typically occurs amid periods of low volatility and has historically been followed by a huge price swing, which can go either up or down.
In mid-March, the Bollinger Bands (on a monthly basis) tightened to levels never seen before, and just a few days later, BTC plummeted from nearly $75,000 to around $65,000.