Bitcoin Bandwidth: The Biggest Move Of 2021 Is Near

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Bitcoin price is still consolidating below the asset’s current all-time high of $61,800 per coin. The leading cryptocurrency by market cap, however, could be about to make another enormous move. According to Bollinger Band Width, volatility is about to erupt. In the past, its resulted in substantial moves to the upside. However, these moves have been decreasing in size, increasing the odds for a reversal instead. Here’s a closer look at what the Bollinger Bands technical analysis indicator says about the current price action and what could result once the tranquility breaks. Bollinger Band Width Warns Of Massive Bitcoin Move, But Which Direction? Bitcoin price is trading at price right around $60,000, unable to push higher while its altcoin brethren begin to rise past previous 2021 highs. The powerfully trending cryptocurrency has more than doubled in 2021 so far, only one full quarter into the year. Another enormous move could…

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