Bitcoin Price – Spike in Volatility Comparable to 2016?

More proof that big things are brewing for Bitcoin?

A 2016-level massive Bitcoin price volatility spike might be near

“For the first time since 2016, the Bollinger Band width of Bitcoin (BTC) dropped below 0.95. The Bollinger Band is a widely utilized technical indicator that evaluates the volatility trend of an asset. It might signify that a huge volatility spike is imminent.

The price of Bitcoin has been relatively stable from 2019 to 2020. BTC mostly ranged in between $6,000 and $12,000, apart from March when it plummeted below $3,600.

In the months to come, the volatility of Bitcoin could gradually increase if a similar pattern ensues as 2016.”


Master Asked on October 7, 2020 in Bitcoin.
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