Bitcoin's 3-day Bollinger Band is showing extreme compression, signaling historically low volatility, according to MaxBecauseBTC, founder of BecauseBitcoin. This pattern has appeared only eight times since 2015, with six of those instances resulting in upward price movements. The combination of the Bollinger Band Width and the Logarithmic MACD indicator suggests that the current market downturn may soon reverse.
Bitcoin's Technical Indicators Suggest Imminent Uptrend
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
