Bitcoin Bollinger Bands hit level that saw BTC price squeeze past $50K
The Bitcoin volatility indicator suggests that BTC price action is due for a breakout as it returns to levels last seen in mid-February.
Bitcoin (BTC) stuck near $66,000 on April 23 as waiting sellers kept BTC price action firmly in check.
Data from Cointelegraph Markets Pro and TradingView revealed an ongoing new trading range in place since after the weekly close.
While overall higher than last week, BTC/USD offered little inspiration to bulls — an overnight rally to $67,200 failed to close a nearby CME Group Bitcoin futures gap.
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Author: William Suberg
