Bitcoin

The Creator Of Bollinger Band Gives A Warning About The Upcoming Bitcoin Volatility

John Bollinger is the father of the popular technical indicator of the same name. Recently, after a long time of less sharing about Bitcoin (BTC), John gave his opinion.
John Bollinger

If you don’t know, the phenomenon of “bottleneck” is when the price fluctuates in a narrow to a very narrow range. That causes the average of the 3 Bollinger Bands to shrink. And this phenomenon always predicts a move with a large amplitude, but not in any direction.

John thinks the price action is creating an unusually small “bottleneck”. The bottleneck amplitude is illustrated by the blue line shown below.

Bitcoin technical analysis with 1D frame Bollinger Band indicator. Source: @bbands

The anomaly that John mentioned is in the narrowest range of bottlenecks so far this year (1D frame). As such, this indicator implicitly warns of impending huge upheaval.

When asked by a follower about the upcoming price trend, John replied that:

While it doesn’t make any positive or negative affirmations, the warning needs to be careful to leave the listener with a negative feeling about what’s to come.

Bitcoin price history shows that a 3D frame bottleneck has always acted as a transition between major swings. Currently, all three lines Middle, Upper, and Lower Band are almost parallel.

The range of this new bottleneck is between $19,000 – $25,000. Out of this range, BTC price will be “opened” with a very strong impulse.

BTC daily chart with BBand. Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025

London, united kingdom, 22nd November 2024, Chainwire

13 minutes ago

Robinhood Exec Dan Gallagher Declines SEC Leadership Role

Robinhood Exec Dan Gallagher declined consideration to lead the SEC, affirming his commitment to Robinhood…

39 minutes ago

Best Cryptos to Buy in November 2024: What Sets Qubetics Apart from Fantom and Immutable X?

Discover why Qubetics, Fantom, and Immutable X are the best cryptos to buy in November…

1 hour ago

Franklin Templeton Digital Assets and Sui Now Join Hands to Strengthen DeFi Strategy

Sui Foundation partners with Franklin Templeton Digital Assets to enhance DeFi solutions on the blockchain.

2 hours ago

Get Insights on BlockDAG’s $136M Presale Success Revealed in Recent AMA—BTC Soars to $99K, Avalanche Trading Volume Surges

See how Bitcoin confronts $99K resistance, Avalanche enjoys a 23% rise, & BDAG achieves a…

2 hours ago

This website uses cookies.