BlockBeats, citing Barchart, said that Bitcoin’s daily Bollinger Band width is at one of its narrowest levels in the past 2 year and a half, indicating that market volatility is low.
Axel Adler Jr said that the index reflecting crypto market activity remains below the 1-year average, while Bitcoin’s trading range has narrowed further. A break above 86,000 USD or below 81,900 USD could confirm the subsequent direction.
