Glassnode’s Yann Allemann has pointed to a narrowing in Bitcoin’s Bollinger Bands Width (BBW) down to 0.20, hinting at potential dramatic price shifts
Yann Allemann, co-founder of Glassnode, has cautioned Bitcoin investors and traders about the notable movement of the Bollinger Bands Width (BBW) for Bitcoin. The BBW has shrunk to a mere 0.20, a historical precursor to significant price fluctuations in Bitcoin.
The power of Bollinger Bands
For those new to the term, Bollinger…