Bitcoin Bollinger Bands hit key zone as BTC price fights for $27K
BTC price is at a decision point within the context of the Bollinger Bands, but only time will tell whether Bitcoin can muster a breakout, their creator says. Bitcoin (BTC) could see fresh upside volatility as BTC price strength revisits key levels, a classic metric suggests. In an X post on Sep. 18, John Bollinger, creator of the Bollinger Bands volatility indicator, said that Bitcoin was positioned for a breakout decision. Bitcoin Bollinger Bands eye start of "walk up" After hitting new September highs the day prior, Bitcoin is challenging resistance levels out of reach since mid-August, data from Cointelegraph Markets Pro and TradingView shows. For Bollinger, the signs from the largest cryptocurrency are encouraging. Bollinger Bands use standard deviation around a simple moving average to determine both likely price ranges and volatility. Currently, BTC/USD is putting in daily candles which touch the upper band. When this happens, it can signal an imminet reversal back ...