Bitcoin's “Bollinger Bands” Reach Tightest Since April 2016
Bitcoin's “Bollinger Bands” have reached their tightest state since April 2016, Cointelegraph said, citing LSEG Datastream data.
Bitcoin's Bollinger Bands are said to be one of the most important volatility indicators in the cryptocurrency market, with two previous similar tightenings occurring in April 2016 and July 2023, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Kamino sparks controversy by blocking users from refinancing through Jupiter Lend
OpenAI plans to compete with SpaceX and is exploring deals with rocket companies
Yilihua: ETH is still significantly undervalued at present
Trending news
MoreCrypto prices
More
