Beware of This Movement in Bitcoin (BTC)!

A popular cryptocurrency analyst has suggested that cryptocurrencies could soon enter a parabolic run due to the rare occurrence of a technical indicator flashing for only the third time in history. Cryptocurrency Market Value The expert analyst, known as TechDev, stated on Twitter that the total cryptocurrency market is starting to expand in a similar way to the end of 2015 and 2020, which led to major bull runs. According to senior analyst TechDev, the total market value of cryptocurrencies consolidated for three weeks and crossed above the 20-day moving average (MA). He also points out that Bitcoin‘s volatility-measuring Bollinger Bands are squeezed into extremely tight ranges, which could indicate an imminent volatile move. In his statement, the expert said: The cryptocurrency market value is starting to expand with the price above the 20-day MA after the tightest three-week consolidation in history. It has only come close twice before. Not […] The post Beware of This Movement in Bitcoin (BTC)! appeared first on COINTURK NEWS.