This is a daily technical analysis of the Coindesk analyst and rented market technician Omkar Godbole.
A key indicator suggests that Bitcoin’s
The price could soon become more volatile, possibly leading to the next highest stage in the cryptocurrency.
This indicator is based on the gap between the Bollinger bands, which are volatility bands placed two standard deviations above and below the simple mobile average of 20 weeks of the price of the cryptocurrency.
When the gap is extended, it indicates that the market is more active and volatile, a historically observed phenomenon in front of significant ascending movements in BTC. When the gap narrows, it indicates less activity.
The gap, also known as Bollinger Band Sp pread, could soon be expanded in a positive sign for the Bulls, since the MacD histogram linked to the same gap has become positive.
The use of the propagation between the Bollinger bands as entry into the MACD histogram generates signals of bullish or bassist volatility, identifying periods of turbulence and calm. Merchants generally use the indicator to detect reversions of prices trends.
The upper panel shows the Bitcoin’s Weekly open, high, bass and closure (by UTC) in candle format. The middle panel shows the propagation, or the gap between the Bollinger bands, with the MACD linked to the propagation in the lower panel.
The MACD has now become positive, indicating a broad broad propagation or volatility boom. By default, volatility is agnostic price, which means that an imminent activity could be bullish or bassist.
That said, a closer look at the previous table reveals that the previous positive crosses of the MACD (marked by vertical lines) presaged the main Toro races, including the prices demonstrations of the late 2020 and late 2024.
Let’s see if the story is repeated.
