{"id":522848,"date":"2023-03-13T16:33:35","date_gmt":"2023-03-13T16:33:35","guid":{"rendered":"https:\/\/ktsl888.com\/?p=522848"},"modified":"2024-06-11T07:46:53","modified_gmt":"2024-06-11T07:46:53","slug":"calm-before-storm-7000-roi-bitcoin-signal-resurfaces","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/calm-before-storm-7000-roi-bitcoin-signal-resurfaces\/","title":{"rendered":"Calm Before The Storm? 7,000% ROI Bitcoin Signal Resurfaces"},"content":{"rendered":"

Bitcoin price gained more than 20% since last Friday, when the top cryptocurrency by market cap retested $20,000<\/a>, briefly falling below the level.<\/p>\n

The calm before the storm might be starting to break, with BTC about to unleash a powerful rally. That’s according to the Bollinger Band Width, which is the second tightest in the history of Bitcoin. The last time this signal appeared, BTCUSD climbed more than 7,000%.<\/p>\n

Bitcoin Volatility Drops, But Could Be Calm Before The Storm<\/h2>\n

Bitcoin is known for its volatility<\/a>. The cryptocurrency goes on several thousand percent rallies, only do later erase as much as 80 to 90% of it.<\/p>\n

Related Reading: Why The Crypto Market Cycle Could Be In \u201cDisbelief\u201d Phase <\/a><\/div>\n

For the last several months, BTCUSD hasn’t moved much in relative terms to historical price action, resulting in a lull in the cryptocurrency’s characteristic volatility. That lull is evident in how tight and narrow the Bollinger Bands are on the 2-week timeframe.<\/p>\n

\"Bitcoin<\/p>\n

The Bollinger Bands are the second-tightest in the history of crypto | BTCUSD on TradingView.com<\/a><\/pre>\n
According to Bollinger Band \u2013 a measure of how wide or narrow the Bollinger Bands<\/a> are at any given moment \u2013 Bitcoin is at the second-tightest the bands have ever been. In other terms, volatility is the second-lowest ever on the 2-week timeframe.<\/p>\n
The only time the bands were ever this tight before, was in 2015 and the number one crypto asset by market cap went on to rally by 7,500%.<\/p>\n
Is An Explosive Bull Rally Coming Soon To Crypto?<\/h2>\n
Bollinger Band Width only shows one side of the story: volatility at historical lows. It says nothing about the direction Bitcoin might take.<\/p>\n
The Bollinger Bands<\/a> themselves consist of a 20-period simple moving average and two standard deviations.\u00a0After the bands contract, they expand to release and extreme build up of energy. Simply put, when the bands expand, the breakout will be powerful \u2013 strong enough to set the trend.<\/p>\n
\"bitcoin<\/p>\n
Staying above the middle-BB is a bullish statement | BTCUSD on TradingView.com<\/a><\/pre>\n
Currently, the 2-week Bollinger Bands are above the mid-line, suggesting that the direction is up. Holding above the level in the past has resulted in some of the largest bull runs in crypto.<\/p>\n
Related Reading: Bitcoin Retests $20,000 In Violent Selloff: Will The Key Support Hold?<\/a><\/div>\n
In a surprise bounce from last Friday’s under $20,000 retest<\/a>, Bitcoin held its fourth consecutive candle close above the middle-Bollinger Band and is now making a move higher.<\/p>\n
BTCUSD is up 20% already in the last 72 hours. If the Bollinger Bands start to expand, the rally might not stop for some time.<\/p>\n
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#Bitcoin<\/a> 2W Bollinger Bands are the second-tightest in BTCUSD history. <\/p>\n
The last time resulted in a 7,500% rally. People are going to feel very under-exposed very quickly I think. pic.twitter.com\/RZKVY5fw74<\/a><\/p>\n
— Tony "The Bull" Severino, CMT (@tonythebullBTC) March 13, 2023<\/a><\/p><\/blockquote>\n