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$BTC will do 86k from current level then fall to 78k-80k zone to retest the bull market support band and and this monthly closing is expected to between 87k-90k , and are altcoins are giving a breakout on daily time frame and at the end of this month and starting of may , we expected the altcoins to boom š„ š„ and as you know $BTC is followed by alts . This bull market will insane .
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#Important_BTC_UPDATE
#altcoinsbreakout
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#veryimportanttopic #xrpbtcpredictions
XRP Price Poised for Major Move as Volatility Indicator Echoes 2024 Trends
Bollinger Bandwidth points to potential breakout in XRP and Bitcoin.
Key Highlights:
XRP and Bitcoin price charts reflect a coiled spring, hinting at an imminent breakout.
The Bollinger Bandwidth for both assets is at its lowest point since October 2024, suggesting mounting market tension.
While such conditions often lead to rallies, they can also precede sharp declines, as seen after the FTX collapse in 2022.
XRP and Bitcoin (BTC) are showing signs of being on the brink of significant price movement, as indicated by a key technical tool: the Bollinger Bandwidth. This metric, which measures the distance between the upper and lower Bollinger Bands, is currently at its tightest since October 2024 on the 4-hour chartāwidely favored by crypto traders for short-term analysis.
Bollinger Bands track volatility by placing bands two standard deviations above and below a 20-period simple moving average. When these bands contract significantly, it usually signals a "quiet" phase in the marketāa buildup of energy that eventually resolves into a major price swing.
XRPās current bandwidth levels mirror those seen just before major price surges in late 2024. Bitcoinās chart shows a similar pattern, suggesting the broader crypto market is in a comparable state of tension.
Historically, such narrow bandwidths have preceded large moves. In November and December 2024, XRP and BTC experienced notable rallies following similar periods of tight price consolidation. However, compressed Bollinger Bands don't always signal bullish outcomes. A notable example is October 2022, when a similar setup led to a sharp downturn after the collapse of crypto exchange FTX.
Whether the upcoming move will be upward or downward remains uncertain. Recent hawkish commentary from Federal Reserve Chair Jerome Powell and profit-taking by large BTC holders (often called "whales") may tip the balance toward a bearish breakout.$XRP
$BTC
XRP Price Poised for Major Move as Volatility Indicator Echoes 2024 Trends
Bollinger Bandwidth points to potential breakout in XRP and Bitcoin.
Key Highlights:
XRP and Bitcoin price charts reflect a coiled spring, hinting at an imminent breakout.
The Bollinger Bandwidth for both assets is at its lowest point since October 2024, suggesting mounting market tension.
While such conditions often lead to rallies, they can also precede sharp declines, as seen after the FTX collapse in 2022.
XRP and Bitcoin (BTC) are showing signs of being on the brink of significant price movement, as indicated by a key technical tool: the Bollinger Bandwidth. This metric, which measures the distance between the upper and lower Bollinger Bands, is currently at its tightest since October 2024 on the 4-hour chartāwidely favored by crypto traders for short-term analysis.
Bollinger Bands track volatility by placing bands two standard deviations above and below a 20-period simple moving average. When these bands contract significantly, it usually signals a "quiet" phase in the marketāa buildup of energy that eventually resolves into a major price swing.
XRPās current bandwidth levels mirror those seen just before major price surges in late 2024. Bitcoinās chart shows a similar pattern, suggesting the broader crypto market is in a comparable state of tension.
Historically, such narrow bandwidths have preceded large moves. In November and December 2024, XRP and BTC experienced notable rallies following similar periods of tight price consolidation. However, compressed Bollinger Bands don't always signal bullish outcomes. A notable example is October 2022, when a similar setup led to a sharp downturn after the collapse of crypto exchange FTX.
Whether the upcoming move will be upward or downward remains uncertain. Recent hawkish commentary from Federal Reserve Chair Jerome Powell and profit-taking by large BTC holders (often called "whales") may tip the balance toward a bearish breakout.$XRP
$BTC
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