Bitcoin Bollinger Bands Repeat ‘parabolic’ Bull Signal From Late 2023

Bitcoin Bollinger BandWidth plumbed new record lows after printing a classic “green” signal in November that previously saw a 40% BTC price upside.

Bitcoin (BTC) is due for a “parabolic” reaction as a classic volatility indicator plumbs new all-time lows.

Bitcoin’s Bollinger BandWidth indicator offers hope of a 2023-style BTC price surge into year-end.

BandWidth avoided a “red” event despite the recent BTC price drawdown.

Traders demand more proof of an enduring market rebound.

In an X thread on Wednesday, macro strategist Gert van Lagen presented a key signal from Bitcoin’s Bollinger BandWidth.

Bollinger BandWidth measures the percentage difference between the upper and lower Bollinger bands, which themselves act as a leading indicator for BTC price volatility.

On monthly timeframes, that difference has never been smaller, per data from sources including Cointelegraph Markets Pro and TradingView.

History shows that BandWidth rarely drops below 100 on its scale, but each time it does, the BTC price reacts sharply.

“Historically, every time this triggers, Bitcoin follows with a direct parabolic leg up,” Van Lagen commented.

Source: CoinTelegraph