The Bollinger Bands, a tool used to gauge the volatility and strength of market trends, are presently indicating an uncommonly tight level on the weekly BTC/USD chart. Bittel, an expert in the field, has pointed out that such compression has only occurred twice before, in April 2016 and July 2023. In both instances, Bitcoin’s price witnessed significant gains over the subsequent twelve months. This indicates that a similar outcome could be expected at present. If these historical patterns continue to hold true, the potential target range for Bitcoin would fall between $140,000 and $190,000. Stay updated on the latest technology news by visiting Access NEWSLINKER.
