$BTC

🟠Bitcoin movement in the market has been in the spotlight with its Bollinger Bands tightening up, giving possible hints of a volatile future.

🟠Analyst Gulshanewafa highlighted that band squeezes had taken place in the current consolidation period.

🟠The tightening indicates that Bitcoin is gearing up towards a major price adjustment.

🟠The bottoms and tops of the bands align closely with Bitcoin’s latest monthly lows and highs, with special emphasis on the $100K and $110K price points.

🟠The movement of the Bollinger Band, tightening with twin patterns of bullish ascending triangles, has generated tension in the marketplace.

🟠 Alternatively, traders are eagerly waiting to detect a potential breakout that will initiate a rally.

🟠As Bitcoin consolidates at the moment, these technical indicators point to an opportunity for a major price movement in the near future.#SwingTradingStrategy