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Bitcoin's monthly chart Bollinger bandwidth shows a similar pattern to those observed before the near-vertical rallies of 2020 and 2016. This could be a signal for investors to refocus their attention on John Bollinger's price bands.
<h2 id="bitcoin-investors-might-need-to-refocus-on-bollinger-bands">Bitcoin Investors Might Need to Refocus on Bollinger Bands</h2>
A little more than three months ago, Bitcoin's “Bollinger bandwidth,” an indicator based on weekly price changes, signaled a burst of volatility.
This prediction has proven correct as volatility has increased significantly ahead of the recent launch of spot BTC ETFs in the US.
In the current case, the Bollinger bandwidth on the monthly chart has formed a pattern seen before Bitcoin's near vertical rallies in late 2016 and 2020.
Related News: <a href="https://en.bitcoinsistemi.com/banking-giant-citigroup-compared-gold-and-bitcoin-etfs-will-similar-processes-occur-here-are-the-details/" target="_blank" rel="noopener noreferrer nofollow">Banking Giant Citigroup Compared Gold and Bitcoin ETFs: Will Similar Processes Occur? Here are the Details</a>
Bollinger band width refers to the difference between the upper and lower bands, measured as a percentage of the moving average. A narrow width resembles a tightly compressed spring, ready to make significant movement in either direction.
Since its inception, the 1% bandwidth has been a significant low for Bitcoin's monthly chart Bollinger bandwidth, with subsequent rises coinciding with prolonged price rallies or bouts of upward volatility.
Bandwidth has recently jumped upwards from 1%, which could be a positive development for Bitcoin bulls.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/does-bitcoins-monthly-bollinger-band-chart-give-a-bullish-signal-here-are-the-details/" rel="noopener noreferrer nofollow">Does Bitcoin's Monthly Bollinger Band Chart Give a Bullish Signal? Here are the Details!</a>

Does Bitcoin's Monthly Bollinger Band Chart Give a Bullish Signal? Here are the Details!

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