Analyst: Bitcoin Likely to See a “Monster Breakout” in the Next 3 Days

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Bitcoin’s historically low volatility coupled with limited liquidity and trading volume are creating the perfect storm for it to post a massive movement Multiple technical indicators are confirming that this sideways trading is likely to end in the near-term, including the crypto’s Bollinger Bands, which are currently the tightest they have been since November of 2018 One analyst is now noting that he anticipates Bitcoin to see a “monster breakout” in the next three days This could propel the benchmark digital asset above a crucial trendline that it has formed on its daily chart, and potentially lead it to see significantly further upside in the days and weeks ahead Bitcoin has been flatlining throughout the past few weeks, struggling to garner any clear momentum as it trades within the lower $9,000 region. Its consolidation channel has been compressing throughout the past month, as it was previously seen relatively large gyrations…

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