Crucial Technical Index Predicts an Imminent Bitcoin Breakout | Crypto Briefing
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.
