⚠️⚠️PRICE $BTC PREPARED FOR A STRONG BREAKOUT TO ABOUT 140,000-190,000 DOLLAR⚠️⚠️📈📈📈📈📈📈
Julien Bittel, head of macro research at Global Macro Investor, pointed to historical similarities to Bollinger Bands on Bitcoin's weekly chart. This rare compression has happened twice before, after which the price of BTC increased significantly.
In its analysis, Bittel noticed an anomaly in Bitcoin's weekly Bollinger Bands. These bands show that the market is extremely tense and preparing for unexpected volatility.
According to him, this phenomenon has only happened twice in the history of Bitcoin. First in April 2016 and again in July 2023. Both times resulted in incredible price increases.#btc #bnb #binance $BTC