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Bitcoin (BTC) Breakout? Bollinger Bands Hint at Big Upside
The market has been in a state of flux lately, and as we approach the end of the week, it’s clear that there’s still significant uncertainty surrounding Bitcoin’s next move. But one thing is certain: the recent 14.88% rebound from its lows has given us some valuable insights into what might be on the horizon.
As you may know, I’ve been closely monitoring the Bollinger Bands (BB), a popular trading tool used to gauge market sentiment and potential price movements. The current chart is showing an incredible amount of tension between buyers and sellers, with the BB indicating a significant level of pressure building up.
The most striking aspect of this development is the way it has deviated from previous trends, where a similar scenario would have led to a stronger correction down below. But now, we’re seeing something entirely different – an 14.88% bounce that’s simply not in line with historical precedents.
Now let me ask you a question: are we witnessing the start of a major breakout?
Source: https://u.today/bitcoin-btc-breakout-bollinger-bands-hint-at-big-upside
