The compression in Bitcoin indicates a significant price movement.

Stability and Compression in Bitcoin Price

Bitcoin price has been fluctuating between 85,000 and 90,000 US Dollars for the last two weeks, showing stability. This situation has led to a compression in the Bollinger Bands.

Preparing for Significant Price Movement

This compression in the Bollinger Bands indicates that a significant price movement may be imminent. Historical data shows that such compressions typically occur before major price fluctuations.