Bitcoin’s Next Mega Move? Bollinger Bands Hint at Massive Volatility

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Glassnode's Yann Allemann has pointed to a narrowing in Bitcoin's Bollinger Bands Width (BBW) down to 0.20, hinting at potential dramatic price shifts

Bitcoin investors and traders about the notable movement of the Bollinger Bands Width for Bitcoin. The BBW has shrunk to a mere 0.20, a historical precursor to significant price fluctuations in Bitcoin.serve as a volatility indicator for asset prices. Comprising of three lines – the middle being a simple moving average and the other two lines marking standard deviations away from the SMA – these bands expand and contract based on market volatility.

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Bitcoin 'Bollinger Bandwidth' Signals Wild Price Swings AheadOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
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