#Bitcoin Pivot Bands are the tightest they've ever been.
Back in 2016, when Bitcoin was trading at $235, the bands tightened, triggering a Bull Run that led to a surge of +8300%, with BTC reaching $19,500 in just a few years..
In 2019, a similar tightness in the Pivot Bands occurred when BTC was trading at $4,400. The Bull Run started right after, and prices pumped by +1600%, reaching $69,000.
Currently, the Pivot Bands are tight once again, even tighter than in 2016, with Bitcoin trading at $27,000.
If history repeats, we might see a similar upward move, indicating the start of a New Bull Run from this point
#BTC #crypto2023 #CryptoTalks #cryptonews
Back in 2016, when Bitcoin was trading at $235, the bands tightened, triggering a Bull Run that led to a surge of +8300%, with BTC reaching $19,500 in just a few years..
In 2019, a similar tightness in the Pivot Bands occurred when BTC was trading at $4,400. The Bull Run started right after, and prices pumped by +1600%, reaching $69,000.
Currently, the Pivot Bands are tight once again, even tighter than in 2016, with Bitcoin trading at $27,000.
If history repeats, we might see a similar upward move, indicating the start of a New Bull Run from this point
#BTC #crypto2023 #CryptoTalks #cryptonews
