Explosion of BTC volatility awaited: Bollinger ligaments signal massive market change, supported by rising VPI in the USA

Explosion of BTC volatility awaited: Bollinger ligaments signal massive market change, supported by rising VPI in the USA

The Bollinger ligaments for Bitcoin reach new highs

In the world of cryptocurrencies, investors are constantly looking for warning signals to predict market movements. Such a red flag is the Bollinger ligaments that predict a record increase in living costs in the United States for June. These ligaments were created by technology expert John Bollinger and provide information about the drought and possible speed fluctuations in a resource. Since the beginning of January, they have shown an affordable range for Bitcoin and indicate a likely change in the market. When the ligaments consolidate, the drought decreases and there is often a considerable speed activity. Analysts have found that such a rigidity of the ligaments has rarely been observed. Historical data show that such pressure adjustments usually take place shortly before an outbreak. The Bollinger bandwidth for Bitcoin is currently at 04.04, the lowest value since the beginning of January.

In addition, investors should keep an eye on the United States' consumer price index (CPI). The CPI evaluates the change in costs that city customers pay for a market container with consumer goods and services over time. In times of financial worries, many customers consider Bitcoin as a refuge because it has a limited source and a decentralized property. Therefore, important economic events such as the publication of the CPI have a significant impact on the development of Bitcoin. This week, the publication of the CPI and the producer price index (PPI) for June is expected, which could illustrate increasing living costs again. This data is expected to determine the influence of the Federal Reserve on the interest rates. Investors hope for signs of improvement in the increasing cost of living that could cause the Federal Reserve to rethink their considerations to increase interest.

The Bitcoin course currently acts at $ 30,731.00 and has recorded an increase of 0.93 % in the last 24 hours. Last month, the BTC price increased by over 18 % and 85 % since the beginning of the year. The expectations regarding the CPI have influenced the development of Bitcoin.

It remains to be seen how the Bollinger ligaments and the CPI will develop in the coming weeks and what influence they will have on the Bitcoin market. Investors should keep an eye on this information in order to be able to make well -founded decisions.

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