{"id":401428,"date":"2019-10-15T12:00:13","date_gmt":"2019-10-15T12:00:13","guid":{"rendered":"https:\/\/wncen.com\/?p=401428"},"modified":"2024-06-11T13:31:07","modified_gmt":"2024-06-11T13:31:07","slug":"analysts-eyes-bitcoin-price-boom-volatility","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/analysts-eyes-bitcoin-price-boom-volatility\/","title":{"rendered":"Analyst Eyes 10% Bitcoin Price Expansion as Volatility Creeps Closer"},"content":{"rendered":"

If you’ve followed the price of Bitcoin (BTC) at all over the past few weeks, you know there is a large lack of volatility. In fact, for the past 20-odd days, the leading cryptocurrency has been stuck in an effectively 8% range \u2014 something that doesn’t happen all too often.<\/p>\n

Related Reading: Bitcoin Price Continues to Track Bullish $3,200 Bottom Fractal<\/a><\/h6>\n

This likely leaves you wondering \u2014 what comes next for the cryptocurrency market? More sideways price action or a spike?<\/p>\n

Apparently, it’s the latter.<\/p>\n

Volatility Nears<\/h2>\n

Analyst CryptoHamster<\/a> noted that a Bitcoin price breakout “is approaching”, looking to the fact that the one-day Bollinger Bands (a technical indicator meant to determine ranges) have begun to heavily tighten.<\/p>\n

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It is getting tighter here \u2013\u00a0the breakout is approaching.
At least, bitcoin is above the Bollinger Bands base line.
$BTC<\/a> $BTCUSD<\/a> #bitcoin<\/a> pic.twitter.com\/miXhMKwzHf<\/a><\/p>\n

— CryptoHamster (@CryptoHamsterIO) October 15, 2019<\/a><\/p><\/blockquote>\n