Bitcoin’s price continues to remain stagnant in a tight range, but that could all change soon, according to one technical indicator.
The altcoins are also quite sluggish, with little-to-no actual movements from the larger caps. HBAR is the only exception.The start of last week was a lot more volatile as the primary cryptocurrency dumped below $29,000 to register a weekly low before it exploded by $1,500 by Wednesday. As such, the asset managed to soar past $30,000 for the first time in about 10 days.
Yet, that trip was short-lived, and BTC returned quickly to $29,500. The US CPI numbers on Thursday didn’t change the landscape all that much. The next three days were quiteOne of Glassnode’s lead on-chain analysts said on Twitter that this lack of actual price movements could be about to change soon. This is because the “spread between the Upper and Lower Bollinger Bands” stands at just 2.
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