Bitcoin Volatility Tightest in 2.5 Years as Breakout Pressure Builds
Photo: DailyCoin
Bitcoin’s Bollinger Band Width sits near its tightest level in 2.5 years. Tracked altcoins fell 14% on average last week while Bitcoin lost about 3%. US spot Bitcoin and Ether ETFs both logged outflows for consecutive weeks. Bitcoin is approaching a potential volatility breakout on Monday, October 19, with Barchart data showing its Bollinger Band Width among the tightest readings in 2.5 years. Total crypto market capitalization edged up 0.2% to about $2.839 trillion, but altcoin weakness, shrinking stablecoin supply and negative ETF flows leave traders unsure whether the market is stabilizing or preparing for a bigger move.
Source: DailyCoin
