Bitcoin is at a pivotal point, needing a breakout influenced by Bollinger Bands within the next 100 days. Analyst Tony Severino suggests that BTC could see significant price action either into a parabolic trend or face the conclusion of its bullish cycle.
The current volatility indicated by tight Bollinger Bands hints at an imminent breakout. Historically, similar situations resolve in about three months, but market conditions may introduce delays, potentially leading to false breakout signals before a clearer direction emerges.
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