Bitcoin Indicators Point to Potential Uptrend

Bitcoin’s 3-day Bollinger Band is showing extreme compression, signaling historically low volatility, according to MaxBecauseBTC, founder of BecauseBitcoin. This pattern has appeared only eight times since 2015, with six of those instances resulting in upward price movements. The combination of the Bollinger Band Width and the Logarithmic MACD indicator suggests that the current market downturn may soon reverse.