RATE Group | Cryptocurrency Bollinger Band Squeeze Will Spur Next Big Move
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Cryptocurrency Bollinger Band Squeeze Will Spur Next Big Move

15 Dec Cryptocurrency Bollinger Band Squeeze Will Spur Next Big Move

Posted at 02:34h in Cryptocurrency News by

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Technical indicators are getting to that stage where another big move is becoming imminent on cryptocurrency markets. After several weeks of consolidation this is usually the case which leaves us with the big question; up or down?

Bitcoin Still in Slumber

Very little has happened on BTC markets over the past day or so. A slump that has been going on all week resulted in the digital asset declining 6% to bottom out at $7,100 on Thursday.

Since then it has been a very slow grind upwards to $7,250 where Bitcoin currently trades at the lower region of its three week sideways channel.

bitcoin cryptocurrency

A big move is imminent as pointed out by Mr Bollinger himself noting the big squeeze on the charts of most cryptocurrencies.

“Most crypto currencies are at or near Bollinger Band Squeeze levels. Time to pay attention.”

Sentiment is still pretty bearish though and there are more calls for a dump than a pump on CT.

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