Bitcoin Bollinger Bands hit key zone as BTC price fights for $27k
Bitcoin (BTC $27,111) could see fresh upside volatility as BTC price strength revisits key levels, a classic metric suggests. In an X post on Sep. 18,...
- Bitcoin (BTC) is showing signs of a potential breakout decision, according to John Bollinger, creator of the Bollinger Bands volatility indicator.
- BTC is challenging resistance levels that haven't been reached since mid-August.
- The narrow Bollinger Bands on Bitcoin suggest the possibility of an upcoming upside volatility.
- However, caution remains among traders and analysts due to technical resistance and support levels.
- The upcoming United States Federal Reserve decision on interest rates could introduce volatility and affect short-term trading signals.
The article suggests that Bitcoin may experience a breakout and upside volatility, but caution remains due to technical factors and the upcoming Federal Reserve decision. Overall, the sentiment is cautiously optimistic.