Plunge

Bitcoin

On January 23, @MaxBecauseBTC—founder of crypto analysis platform BecauseBitcoin—posted that Bitcoin’s 3-day Bollinger Bands are highly compressed, signaling extremely low volatility. This compression has occurred just 8 times since 2015 (including the current instance), with 6 of the past 7 leading to an upside breakout. Combining Bollinger Band width and the logarithmic MACD indicator, @MaxBecauseBTC stressed the current market slump is nearing its end.

View: Bitcoin Technical Indicators Plunge to Extreme Lows, Has Occurred 7 Times in History, with Price Increase Following 6 Times

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