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Crucial Technical Index Predicts an Imminent Bitcoin Breakout | Crypto Briefing

1 year ago CoinCap 0 Comments , , , , , , , , ,

Key Takeaways

  • Bitcoin consolidates within a $130 trading range that is defined by the $9,330 resistance and $9,200 support level.
  • The low levels of volatility forced the Bollinger bands to squeeze on BTC’s 1-day chart indicating that a major price movement is underway.
  • Breaking above resistance could send Bitcoin to $10,000 while moving below support may see it fall to $8,900.

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