A widely used Bitcoin technical analysis indicator suggests that BTC is on the verge of a “walk up” toward new all-time highs.
Bitcoin (BTC) could see further upside volatility as BTC’s price revisits key levels, according to a classic technical analysis metric.
In a Dec. 18 post on X, John Bollinger, the creator of the Bollinger Bands volatility indicator, said that Bitcoin was positioned for an upward breakout.
After hitting a new all-time high above $108,000 on Dec. 17, Bitcoin breached the upper boundary of the Bollinger Bands (BB) indicator, a barrier that has been out of reach since mid-November, data from Cointelegraph Markets Pro and TradingView shows.
