{"id":403849,"date":"2019-11-10T22:30:06","date_gmt":"2019-11-10T22:30:06","guid":{"rendered":"https:\/\/wncen.com\/?p=403849"},"modified":"2024-06-11T13:33:55","modified_gmt":"2024-06-11T13:33:55","slug":"bullish-technicals-massive-bitcoin-price-brews","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bullish-technicals-massive-bitcoin-price-brews\/","title":{"rendered":"Technicals Lean Bullish as Massive Bitcoin Price Move Brews"},"content":{"rendered":"
Bitcoin (BTC) is about to see a massive bout of volatility, according to a long-term technical indicator. Sure, the leading cryptocurrency spiked by 42% two weeks back<\/a>, surging from $7,300 to $10,500 seemingly on the news that China’s President was calling for the formal adoption of blockchain technologies. But, something bigger is purportedly brewing.<\/p>\n According to a recent analysis<\/a> of the one-week BTC chart by trader Mr. Anderson, a massive Bitcoin move is brewing. He noted that while it’s easy to get caught up in the “flashes of volatility” on lower time frames, a key indicator signals an even larger, extended move for the cryptocurrency market.<\/p>\n The indicator in question is the one-week Bollinger Band Width (BBW) indicator \u2014 an indicator that shows the width between the highest and lowest Bollinger Bands, which itself is a tool used to determine ranges.<\/p>\n Right now, the indicator has reached 0.42, or really long-term volatility. The last time this indicator interacted with this BBW range was in late-March \u2014 just a week before Bitcoin shot from $4,000 to $5,000 in the shocking move that kicked off this year’s micro bull market.<\/p>\n $BTC<\/a> Wkly<\/p>\n Something bigger is brewing!<\/p>\n It is easy to get caught up w\/ the flashes of Volatility on Lower Time Frames. However, when dealing w\/ bigger number (i.e. $9000) it is also easy to miss a lack of Volatility at scale(HTF)<\/p>\n The weekly say's something much bigger is coming pic.twitter.com\/tOpj6FYDE5<\/a><\/p>\n — Mr. Anderson (@TrueCrypto28) November 4, 2019<\/a><\/p><\/blockquote>\nRelated Reading: Despite Price Surge to $9,000, Bitcoin Not Bullish Yet: Analyst<\/a><\/h6>\n
Bitcoin Volatility on Its Way<\/strong><\/h2>\n
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