Bitcoin Intraday Volatility Explodes, But Historically Is Only Just Getting Started

Bitcoin price is now once again trading around $20,000 and with it has brought about a surge in intraday volatility that the cryptocurrency market has yet to experience. Legendary Analyst John Bollinger Calls Top In Bitcoin… For Now The leading cryptocurrency by market cap trading back around $20,000 has changed the game for crypto traders and investors significantly.

The monthly Bollinger Bands and BB Width could shed light on where Bitcoin is in this market cycle | Source: BTCUSD on TradingView.com But there was more to the story in terms of the chart Bollinger shared along with his warning to “pay attention.” In addition to his traditional Bollinger Bands indicator, he also included BB Width, which measures volatility and a tool called B% which shows where price action is in relation to the upper or lower bands.

Timeline of Bitcoin