Legendary Trader John Bollinger Says Bitcoin (BTC) Squeeze Is Imminent

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Legendary Trader John Bollinger Says Bitcoin (BTC) Squeeze Is Imminent
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The veteran trader predicts a Bitcoin squeeze

In his tweet, Bollinger stated that the current bandwidth value for the flagship cryptocurrency is the lowest in 96 bars and, although he prefers a minimum of 125 periods, this should alert savvy traders of an impending change in the volatility regime.Bollinger Bands are a popular technical analysis tool that measures an asset's price volatility by plotting standard deviations above and below a moving average.

The anticipation of a Bollinger Bands squeeze implies that the cryptocurrency market could soon witness increased volatility and a significant price movement for Bitcoin.

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