Bitcoin Trading in Compact Range, Bollinger Bands Getting Tighter Than Ever

Bitcoin’s Bollinger Bands (BBands) are getting tighter than ever — BTC has only expressed this type of behavior a few times since 2012. A major move might be coming, although it remains unclear whether BTC will sharply rise or spiral down.

Bitcoin has been expressing some rather strange behavior, considering its usual sharp drops and rises. For the past week, its price remained extremely stable, mostly closing between $10,100 on the lower side and $10,400 on the upper side.