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has been caught inside a decent vary in August. Glassnode lead on-chain analyst Checkmate highlighted that the unfold between the higher and decrease Bollinger Bands for Bitcoin has shrunk to 2.9%, its third-tightest ever.
Usually, intervals of low volatility are adopted by a spread growth. The longer the time spent inside a spread, the stronger the eventual breakout from it. The one downside is that it’s troublesome to time the breakout with certainty. Subsequently, merchants ought to be watchful. In any other case, they could miss out on the chance to trip the following trending transfer.
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