Bitcoin course under high voltage: Is there a large course leaving leap?

Bitcoin course under high voltage: Is there a large course leaving leap?

Bitcoin (BTC) could soon experience another course jump. The current on-chain data indicate that the so-called Bollinger tapes are as strong as in the early 2023. These ligaments are considered important indicators for upcoming volatility.

The Bitcoin course is currently sideways and is mainly around the $ 30,000 mark. Experts see this as a challenge for bulls and bears alike. Aksel Kibar, an expert in the field, explains that this is often the case before larger price movements take place. However, he is unsure in which direction the price will go and sticks to its defined borders.

The Bollinger ligaments indicate that Bitcoin's sideways movement could soon end. The ligaments work with a standard deviation of the moving means of the Bitcoin course and show how close they are on the current course. The current voltage is comparable to the one in January of this year when Bitcoin recorded a full course of 40 %.

The Bitcoin investor behavior is similar to that from the beginning of 2019. There are currently only a few sales, neither with profit nor loss. This phenomenon typically occurs after a previous downward trend. The low volatility further increases the tension because investors do not want to realize larger profits or losses.

Overall, there is an increasing shortage of Bitcoin, which could have a decisive impact on the further price movement. It remains to be seen whether the course will take a rich jump up again or go in a different direction. The analysts are sure that new volatility is imminent in any case.

sources:
-https: //twitter.com/techcharts/1682267028378230784
-https: //s3.cointelegraph.com/uploads/2023-07/C4BF9E16-199-476E-82CE-45F984E0B5CF.JPEG
-https: //s3.cointelegraph.com/uploads/2023-07/ffd6c346-500d-4539-82bf-063e5267b.png
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