Bitcoin Volatility Hits Bull Cycle Low – Bollinger Bands Signal Potential Breakout
Main Idea
Bitcoin's volatility is at a bull cycle low, with Bollinger Bands signaling a potential major price move, possibly reaching $112,000, while key support levels and macroeconomic factors influence market sentiment.
Key Points
1. Bitcoin's Bollinger Bands indicate a tight range, suggesting a potential significant price movement, possibly surpassing $112,000.
2. BTC has held key demand zones above critical support, with declining volatility signaling an imminent major move.
3. The US Congress passed an economic bill with tax cuts, influencing investor sentiment in both traditional and crypto markets.
4. Bitcoin is trading just below its all-time high, with strong support at $106,000–$107,000 and resistance around $109,300.
5. A break below the 100 SMA could expose BTC to the next major support at $103,600, while the 200 SMA remains a long-term support zone.
Description
Bitcoin has remained in a tight consolidation range below its all-time high of $112,000 since late May, frustrating both bulls and bears. Despite multiple failed breakout attempts, BTC has held key demand zones above critical support levels, suggesting strong underlying strength. As price compresses, volatility is declining — a classic sign that a major move could be imminent. Top analyst Axel Adler shared fresh data indicating that Bitcoin is currently experiencing a textbook Bollinger Bands sq...
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