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The Bollinger Bands touch the narrowest point, and BTC will usher in a major price Fluctuation
Odaily Planet Daily News BTCFluctuation evaluation index Bollinger Bands has reached the ‘narrowest point’ in a year. Cryptocurrency trader and analyst Matthew Hyland said that it is currently showing a similar pattern to July 2023, which caused BTC to surge 20% in the next four months. If history repeats itself, by November, the price of BTC, currently at $63,845, could quickly rise to a new historical high of $76,614. Hyland explains that this may still take ‘a few weeks’, but he believes that BTC is very close to a ‘explosive trend’. Cryptocurrency trader MaxBecauseBTC says, “The Bollinger Bands on the BTC weekly timeframe have only been this tight twice in history… in April 2016 and August 2023.”