The cryptocurrency market is still not in the clear from the consequences of the collapse of FTX, once one of the largest crypto exchanges in the world. Still, some of its assets, like Bitcoin (BTC), are making shy gains, and some indicators are suggesting these gains could intensify soon.
Indeed, taking into account the Bollinger Band Width Percentile (BBWP) indicator, which is the lowest it has been in over six years on the two-week chart for Bitcoin, the flagship digital asset could be bracing for a dramatic upward move.
Specifically, in May 2016 – the last time this indicator was demonstrating similar low values to how it currently is, Bitcoin had gained about 80% within the following four weeks, the pseudonymous crypto analyst Moustache said on November 28.
Bitcoin price action analysis based on BBWP. Source: Moustache
Technical indicators stack up
At the same time, another technical analysis (TA) indicator suggests a bounce could be in the cards for the maiden decentralized fin
We współpracy z: https://finbold.com/bitcoins-technical-indicators-point-to-a-big-move-on-the-horizon/
