{"id":816842,"date":"2025-01-03T07:24:06","date_gmt":"2025-01-03T13:24:06","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/03\/bitcoin-set-for-huge-move-as-bollinger-bands-hit-tightest-levels\/"},"modified":"2025-01-03T07:24:06","modified_gmt":"2025-01-03T13:24:06","slug":"bitcoin-set-for-huge-move-as-bollinger-bands-hit-tightest-levels","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/03\/bitcoin-set-for-huge-move-as-bollinger-bands-hit-tightest-levels\/","title":{"rendered":"Bitcoin set for \u2018huge move\u2019 as Bollinger Bands hit tightest levels"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-id=\"152191\" data-url=\"https:\/\/cryptobriefing.com\/bitcoin-bollinger-bands-move\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\" rel=\"tag\"><br \/>\n                    Bitcoin                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\">Bitcoin<\/a><\/span> \u00bb <span aria-current=\"page\">Bitcoin set for \u2018huge move\u2019 as Bollinger Bands hit tightest levels<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"29816\" href=\"https:\/\/cryptobriefing.com\/team\/vivian-nguyen\/\" rel=\"author\">Vivian Nguyen<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2024-10-26T17:41:52+00:00\"><br \/>\n                        Oct. 26, 2024                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Bitcoins Historic low volatility on Bitcoin suggests a major market move is near.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" fetchpriority=\"high\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/10\/26134325\/michael-fortsch-AA5sf7WTv10-unsplash-342x228.jpg\" alt=\"bitcoins Author: Michael F\u00f6rtsch\" title=\"bitcoins Bitcoin set for &#8216;huge move&#8217; as Bollinger Bands hit tightest levels\">\n            <\/picture>\n        <\/section>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Bitcoin&#8217;s Bollinger Bands are at historic tight levels, indicating a likely major market move.<\/li>\n<li>Past tight Bollinger Band periods have preceded significant bull runs.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>Bitcoin is poised for a major price movement as its Bollinger Bands are showing one of the tightest formations in history. When the bands are at their tightest level, often referred to as a \u201cBollinger Squeeze,\u201d it indicates a period of low volatility, potentially setting the stage for a powerful price breakout.<\/p>\n<p>\u201cA huge move is coming,\u201d technical analyst Tony Severino <a href=\"https:\/\/x.com\/tonythebullBTC\/status\/1849799074515460345\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">said<\/a> in a recent post. He noted that Bitcoin\u2019s Bollinger Bands, an indicator used to assess price volatility and determine trend direction, are \u201camong the three tightest instances in history\u201d on a 2-week timeframe.<\/p>\n<figure><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/10\/26133440\/Bitcoin-Indicator.jpg\"><noscript><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/10\/26133440\/Bitcoin-Indicator.jpg\"><\/noscript><figcaption>Author: Tony Severino<\/figcaption><\/figure>\n<p>Historically, this contraction has led to substantial price changes in Bitcoin.<\/p>\n<p>A similar pattern was observed in April 2016, when the Bollinger Bands tightened significantly for the first time. After this period, Bitcoin prices began to rise dramatically over the following months, marking the beginning of a bullish trend.<\/p>\n<p>Another critical instance occurred in July 2023, where the Bollinger Bands again reached extreme tightness. Similar to April 2016, this tightening preceded a major price surge.<\/p>\n<p>While tightening bands signal a potential for a big move, it doesn\u2019t predict the direction of that move. The outcome could be either a major uptrend or a severe downturn. For example, a similar pattern observed in 2018 <a href=\"https:\/\/bitcoinist.com\/bitcoin-history-making-move-volatility\/\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">led to a sharp decline<\/a> in Bitcoin\u2019s price.<\/p>\n<p>Historical data shows that Bitcoin has rallied upward after tight band conditions seven out of nine times.<\/p>\n<h2>Bitcoins Bitcoin whales accumulate coins at a historic rate<\/h2>\n<p>As Crypto Briefing previously <a href=\"https:\/\/cryptobriefing.com\/bitcoin-whale-accumulation-record\/\" target=\"_blank\" rel=\"\">reported<\/a>, Bitcoin whales have amassed 670,000 BTC, the highest whale holdings ever recorded. The huge accumulation has historically been followed by major price rallies.<\/p>\n<p>While whale accumulation is a positive sign, the current sideways trend suggests that a major price move may not be imminent. If Bitcoin fails to reach new highs by late November, it could indicate challenges in the ongoing bull cycle.<\/p>\n<p>Bitcoin recently dipped below $65,500 following reports of a criminal investigation into Tether, the world\u2019s largest stablecoin.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\"><\/div>\n<p><\/body><\/html><\/p>\n<figure><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/10\/26133542\/Screenshot-2024-10-27-003452.png\"><noscript><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/10\/26133542\/Screenshot-2024-10-27-003452.png\"><\/noscript><figcaption><\/figcaption><\/figure>\n<p>The Wall Street Journal, which broke the news, said that federal prosecutors in Manhattan are looking into Tether\u2019s involvement in facilitating drug trafficking, terrorism financing, and hacking activities.<\/p>\n<p>Tether has firmly denied all allegations. Tether\u2019s CEO, Paolo Ardoino, labeled the accusations as \u201cunequivocally false\u201d and criticized the report for publishing what he described as \u201cold noise.\u201d<\/p>\n<p>Escalating tensions in the Middle East, particularly between Israel and Iran, also contributed to market volatility. On October 26, Israel announced direct strikes against Iran in retaliation for a massive missile barrage launched by Iran on October 1.<\/p>\n<p>Bitcoin\u2019s price is vulnerable to geopolitical turmoil, often experiencing swift declines followed by periods of consolidation or recovery. At the time of writing, Bitcoin traded at around $66,800, down 1.3% over the last 24 hours, per CoinGecko.<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Bitcoin+set+for+%E2%80%98huge+move%E2%80%99+as+Bollinger+Bands+hit+tightest+levels&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fbitcoin-bollinger-bands-move%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p> Vivian Nguyen <a href=\"https:\/\/cryptobriefing.com\/bitcoin-bollinger-bands-move\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Home \u00bb Bitcoin \u00bb Bitcoin set for \u2018huge move\u2019 as Bollinger Bands hit tightest levels by Vivian Nguyen Oct. 26, 2024 Historic low volatility on Bitcoin suggests a major market move is near. Key Takeaways Bitcoin&#8217;s Bollinger Bands are at historic tight levels, indicating a likely major market move. Past tight Bollinger Band periods<\/p>\n","protected":false},"author":1,"featured_media":816843,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,31712],"tags":[11476],"class_list":["post-816842","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-huge","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=816842"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/816843"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=816842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=816842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=816842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}