Bitcoin's squeeze sets stage for major price swing

Source: CryptoNewsNet Original Title: Bitcoin’s squeeze sets stage for major price swing Original Link: Bitcoin’s BTC price chart looks super calm via Bollinger Bands, a volatility gauge, hinting at a massive swing ahead.

BTC has traded in a tight range between $85,000 and $90,000 for the past two weeks. As a result, the gap between its Bollinger Bands, volatility bands placed two standard deviations above and below the 20-day simple moving average of the asset’s price, has narrowed to less than $3,500, the lowest since July, according to data source TradingView.

This so-called Bollinger Bands squeeze indicates a low-volatility period in which the market is building energy for the next big move. History confirms massive price swings often follow these squeezes.