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


19 Sep 2023 8:38 AM

Bitcoin toys with a Bollinger Bands breakout, with BTC price below key resistance levels....

  • Bitcoin (BTC) is showing signs of potential upside volatility as it revisits key levels, according to John Bollinger, creator of the Bollinger Bands volatility indicator.
  • BTC has been challenging resistance levels since mid-August, but recent price action and the narrowing of Bollinger Bands suggest a possible breakout.
  • However, caution remains as various trendlines that previously acted as support are still above the current spot price.
  • The upcoming United States Federal Reserve decision on interest rates could introduce volatility and impact short-term trading signals.

The sentiment in the article is mixed. While there are positive indications of potential upside volatility for Bitcoin, caution is advised due to technical resistance and the upcoming Federal Reserve decision.

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You May Ask

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