The compression in Bitcoin indicates a significant price movement.

Stability and Contraction in Bitcoin Price

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

Preparing for Significant Price Movement

This contraction in the Bollinger Bands indicates that a significant price movement may be imminent. Historical data shows that such contractions usually occur before major price fluctuations.