Analyst: The Bitcoin daily Bollinger Bands have narrowed to a new low since early 2024, which may indicate a volatility of about 40%

By: rootdata|2026/04/10 19:42:00
0
Share
copy

The cryptocurrency market is generally stabilizing, with Bitcoin slightly fluctuating at $71,700 and Ethereum at $2,180, continuing the low volatility trend of the past few months.

In terms of technical indicators, the daily Bollinger Bands for Bitcoin have narrowed to their tightest level since early 2024. Crypto analyst Eric Crown noted that since early February, Bitcoin's price has remained in the range of $63,000 to $75,000, and historically, whenever such a narrow range occurs, the price ultimately experiences about a 40% fluctuation.

According to CoinGlass's liquidation heatmap, if Bitcoin breaks above $75,000, it will trigger upward momentum, forcing short sellers to cover their positions; if it falls below $70,000 in the short term, approximately $200 million in long positions betting on a breakout will be liquidated.

One of the key catalysts on Friday is the U.S. Consumer Price Index (CPI) data. The inflation rate for March is expected to be 3.3% year-on-year, driven by soaring energy prices. Higher inflation data often leads to a stronger dollar, which in turn puts pressure on risk assets like Bitcoin.

-- Price

--

You may also like

Popular coins

Latest Crypto News

Read more