BTC is at its tightest price range since FOREVER right now on the weekly charts. This means that a massive move is brewing in the background.

If you look at the charts right now you will realize one thing, the fact that literally nothing has happened over the past few weeks. BTC was literally going dieways for whole months and even now with a further drawdown towards $28.6k, we are once again back at the $29.2k level and are literally stuck there.

This obviously also reflects on the technical indicators, especially the Bollinger Bands. This technical indicator basically shows the volatility and how much Bitcoin is going “sideways“ right now.

There are different timeframes to that obviously, if the daily chart is showing the Bollinger Bands squeezing together, there is a lot of crabbish market movements. This time it is even the weekly chart..

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Bitcoin Weekly Bollinger Bands at HISTORIC low, chart form BTC_Archive

Here we can see how the weekly Bollinger Bands chart is at its tightest range EVER. Literally in all of Bitcoin's 1.5 decade long history, there has never been a time were we had weeks of such sideways movement. Such long periods of nothingness are like the Calm before the Storm, that will eventually break and cause a massive move. So be cautious of the big impending move.