Bitcoin Bollinger Bands hit key zone as BTC price fights for $27k


19 Sep 2023 9:15 AM

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.

Go to publisher site

You May Ask

What is the Bollinger Bands volatility indicator?What are the resistance levels that Bitcoin is currently challenging?What do the narrow Bollinger Bands on Bitcoin indicate?Why is caution advised among traders and analysts?How might the upcoming Federal Reserve decision impact Bitcoin's price?

Suggested Reads