Bitcoin Price Volatility Ahead: Analysts Eye Potential Major Move
• Bollinger Bands indicator signaling a major bitcoin price move is coming based on monthly chart patterns • Bollinger bandwidth recently bounced from 1%, similar to pre-previous bull runs in 2016 and late 2020 • While indicator suggests volatility ahead, direction unclear - large downside still possible • Most analysts bullish on bitcoin near-term, expecting new highs above $69K with spot ETF launch • Edited by Oliver Knight