Mmastodon BusinessCrypto first seen 12 h ago, last 10 h ago, peak #4
Bitcoin Traders Eye Breakout as Bollinger Bands Squeeze
Original: Bollinger Bänder & Ausbruch 💥 Die Bollinger Bänder ziehen sich extrem zusammen – ein historisches Signal für einen bevor
Bitcoin's Bollinger Bands have tightened to an extreme degree, which traders describe as a historically significant signal pointing to an imminent explosive price breakout. Commentators using technical analysis say that despite the risk of short-term shakeouts, the medium-term trend for BTC remains upward.
Why now: Traders are watching the unusually tight Bollinger Bands on Bitcoin's chart as a classic precursor to a major volatility breakout.
Rank over time, top of the chart is #1. 2 snapshots from 12 h ago to 10 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2850277