A Massive Bitcoin Price Move Is Likely Imminent… Again: Here’s Why

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Bitcoin has consolidated between $11,000-12,000 over recent weeks. While the consolidation has only lasted for just over two weeks, prices are tightening again. By indicators like the width of the Bollinger Bands, volatility is reaching notable lows yet again. This signals to analysts that a massive Bitcoin price move is likely imminent. Fortunately for bulls, there are many analysts expecting upside due to both technical and fundamental trends. How high Bitcoin rallies in this potential breakout, though, is not yet clear. Bitcoin Could Soon See a Massive Move: Volatility Indicators While Bitcoin is whipsawing between $11,000 and $12,000, volatility is actually low by historical standards. Brave New Coin crypto analyst Josh Olszewicz shared the chart below on August 15th, showing that the Bollinger Bands are tightening. The Bands are a classic technical indicator used by traders to denote volatility and important price levels. The Bands are not extremely tight per…

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