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.”