$BTC is facing a squeeze in the foreseeable future, warns legendary trader and economist bbands
, there are few indicators as well known or widely used as the Bollinger Bands. Named after their creator, legendary trader John Bollinger, these bands serve as a measure of volatility and potential price levels where an asset might find support or resistance.
Recently, Bollinger himself took to Twitter to provide his analysis of currentThis comment was in reference to the current position of Bitcoin within its Bollinger Bands. The cryptocurrency is experiencing a"squeeze," which means that it is sandwiched between the upper and lower bands of the Bollinger Bands indicator. Such situations are typically precursors to significant price movements, either up or down.
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