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CryptoIntelligence 2024-07-26 10:02:42

Bitcoin Poised for Significant Rise as Volatility Signals Point to Six-Figure Potential

Bitcoin is poised for a “significant” rise amid upcoming intense volatility, according to new analysis. Julien Bittel, head of macro research at Global Macro Investor, predicted a BTC price of up to $190,000 in a post on X on July 19. Bittel highlighted the “compressed” Bollinger Bands, a key crypto volatility indicator, suggesting a potential surge in Bitcoin prices. “Bollinger Bands are crazy tight by historical standards,” Bittel noted. “Only two other months in history have we seen the weekly Bollinger Bands so compressed: April 2016 and July 2023.” Bollinger Bands are crucial for assessing crypto volatility and price trend

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