Bitcoin’s Bollinger Bands have tightened to their narrowest point since October 2023, a technical pattern that typically precedes a major move without indicating its direction. The last time this occurred, BTC rallied 330% over two years to reach a new all-time high above $126,000. US Consumer Price Index data released on August 12 matched market expectations, a historically positive factor for BTC which gained 7%, 10%, and 10% respectively following the three most recent in-line inflation releases.
Source: Read the original article
