RATE Group | Analyst Eyes 10% Bitcoin Price Expansion as Volatility Creeps Closer
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Analyst Eyes 10% Bitcoin Price Expansion as Volatility Creeps Closer

15 Oct Analyst Eyes 10% Bitcoin Price Expansion as Volatility Creeps Closer

Posted at 15:02h in Bitcoin News by

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If you’ve followed the price of Bitcoin (BTC) at all over the past few weeks, you know there is a large lack of volatility. In fact, for the past 20-odd days, the leading cryptocurrency has been stuck in an effectively 8% range — something that doesn’t happen all too often.

Related Reading: Bitcoin Price Continues to Track Bullish $3,200 Bottom Fractal

This likely leaves you wondering — what comes next for the cryptocurrency market? More sideways price action or a spike?

Apparently, it’s the latter.

Volatility Nears

Analyst CryptoHamster noted that a Bitcoin price breakout “is approaching”, looking to the fact that the one-day Bollinger Bands (a technical indicator meant to determine ranges) have begun to heavily tighten.

Their observation comes shortly after…

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