Bitcoin's daily Bollinger Band width just hit its tightest level in roughly 2.5 years. Price is coiled near $82,500, with buyers stepping in near the low $80Ks and sellers capping it in the mid-$80Ks — the kind of compressed range that usually doesn't last.
Here's the part that matters: this squeeze is sitting right on top of the ~$81,500 average cost basis for US spot Bitcoin ETFs, the line that's acted as the market's main support for three straight weeks. A daily close below it puts the average ETF holder back underwater and pulls the nearest big bid stack out from under the price. Hold above it, and the compression just adds fuel to whatever move comes next.
Tight ranges like this don't resolve sideways — they just set the stakes for whichever way the break goes. Where's your stop set on this one, above or below $81.5K?
$BTC $TBOT #Bitcoin #TokenBot #algotrading
tokenbot.com
Here's the part that matters: this squeeze is sitting right on top of the ~$81,500 average cost basis for US spot Bitcoin ETFs, the line that's acted as the market's main support for three straight weeks. A daily close below it puts the average ETF holder back underwater and pulls the nearest big bid stack out from under the price. Hold above it, and the compression just adds fuel to whatever move comes next.
Tight ranges like this don't resolve sideways — they just set the stakes for whichever way the break goes. Where's your stop set on this one, above or below $81.5K?
$BTC $TBOT #Bitcoin #TokenBot #algotrading
tokenbot.com