The creation of the Bitcoin Strategic Reserve did not meet expectations that many crypto particles this week with 10.66% of computer development at the start.
What is the next step for Bitcoin (BTC)? If someone had to get you a respondent content, he would lie.
How is it, there are at least expectations, and they are indicators, including Bollinger bands. The popular tool for financial instruments invented by John Bec.
Composed of three curves, or bands, the indicator has a range of range which helps traders to estimate whether the instrument is occurring or over-absence. In addition, it helps to identify
Bad and worse
For Bitcoin, the picure painted by Bollinger’s groups is quite eloquent, and not in the right direction. If we take a look at the daily graphic of the cryptocurrency, we can see that Bitcoin is currently stuff between the intermediary band and the lower band, which extends over the $ 80,411 level.
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Such a situation makes the price of the BTC vulnerable to paint 4% at the lower border of the range described by the Bollinger bands. What can change satiety is that, in the next few hours, the price of Bitcoin will increase over the intermediary to $ 90,200.
A jump of 8% in a few hours Sunday? A counter says it is very unlikely.
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Unfortunately, the weekly time form there, Bitcoin is also between the middle and the lower band, but the latter is currently at $ 73,000. So, if nothing changes in the medium term, this is a decrease of 12.3% for Bitcoin as a major scenario of the Bollenger bands on the weekly basis.
