BlockBeats news, on August 1st, a key BTC trading indicator reached the ‘narrowest point’ in a year. The last time this happened, BTC increased by 20% in four months. Matthew Hyland, a cryptocurrency trader and analyst, analyzed that a ‘fluctuation is imminent’, pointing out that BTC’s Bollinger Bands (a tool that measures asset momentum and volatility within a specific range) reached the ‘third highest point’ on a weekly time frame since its establishment in January 2009. He is not the only trader to discover this new pattern. Cryptocurrency trader MaxBecauseBTC added, ‘There have only been two instances of such tension in BTC’s weekly Bollinger Bands… in April 2016 and August 2023.’ Kristoph Jeffers, Chief Operating Officer of Three Jay Partners, wrote, ‘What surprises me is that BTC’s weekly Bollinger Bands are now narrower than the daily candle Bollinger Bands.’
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A "tendência explosiva" do BTC está iminente, a banda de Bollinger atingiu o ponto mais estreito
BlockBeats news, on August 1st, a key BTC trading indicator reached the ‘narrowest point’ in a year. The last time this happened, BTC increased by 20% in four months. Matthew Hyland, a cryptocurrency trader and analyst, analyzed that a ‘fluctuation is imminent’, pointing out that BTC’s Bollinger Bands (a tool that measures asset momentum and volatility within a specific range) reached the ‘third highest point’ on a weekly time frame since its establishment in January 2009. He is not the only trader to discover this new pattern. Cryptocurrency trader MaxBecauseBTC added, ‘There have only been two instances of such tension in BTC’s weekly Bollinger Bands… in April 2016 and August 2023.’ Kristoph Jeffers, Chief Operating Officer of Three Jay Partners, wrote, ‘What surprises me is that BTC’s weekly Bollinger Bands are now narrower than the daily candle Bollinger Bands.’