View: Bitcoin Technical Indicators Plunge to Extreme Lows, Has Occurred 7 Times in History, with Price Increase Following 6 Times

BlockBeats News, January 23, Founder of the crypto analysis platform BecauseBitcoin @MaxBecauseBTC posted, stating that the Bitcoin 3-day cycle Bollinger Bands are highly compressed, indicating extremely low volatility. This has only happened 8 times since 2015 (including the current one), with 6 out of the past 7 instances leading to a breakout to the upside.

Combining Bollinger Band width and the logarithmic MACD indicator, @MaxBecauseBTC emphasized that the current market slump is about to end.