The Bollinger Bands, an indicator that gauges both volatility and the strength of a trend, are presently at an uncommonly narrow level on the weekly BTC/USD chart. Bittel pointed out that such compression has occurred only twice in the past, in April 2016 and July 2023. On both occasions, the price of Bitcoin saw notable increases over the following twelve months. This suggests that a similar outcome may be expected at present. If these trends persist, Bitcoin’s potential target range would lie between $140,000 and $190,000. Stay informed with the latest technology news by visiting NEWSLINKER.
