Bitcoin Bollinger Bands Squeezing: Is BTC Ready For $140,000?
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Bitcoin is currently exhibiting signs of price stagnation, but analysts remain optimistic about a potential price surge. Notably, Bitcoin's Bollinger Bands are at their tightest level ever on the weekly chart, suggesting an imminent breakout. Historically, such squeezes typically lead to significant price movements. If past trends hold, Bitcoin could reach between $140,000 and $190,000. The optimism is further bolstered by significant institutional buying, led by BlackRock, which has recently purchased substantial amounts of Bitcoin. Additionally, there's speculation that a future Donald Trump administration might consider Bitcoin as a strategic reserve, adding another layer of bullish sentiment.
Source: www.newsbtc.com ↗
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