Market 
Cash 
Bitcoin has been trading in a narrow price range for a long time. Due to the fact that the volatility in the chart of this cryptocurrency is relatively low, it can be concluded that this is a signal to the upcoming larger movement.
Low volatility on BTC - a signal to heavy traffic?
People who follow the situation on the Bitcoin market on an ongoing basis know that in the world of cryptocurrencies it is rarely boring. The BTC rate has surprised us more than once, unexpectedly climbing up or falling sharply. Usually a stronger impulse was needed for this. Looking at the historical chart of this cryptocurrency, you can see that usually after a long trade in a narrow price range, there were strong moves - both ways. Will it be the same this time?
Recently, the popular investment strategist Raol Pal drew attention to the behavior of Bitcoin, in one of his posts on Twitter admitted that he expected a strong change on the BTC chart. In the opinion of this analyst, the story speaks in favor of investors, as the cryptocurrency has had a 6 out of 7 breakout with similar side trading.
An important indicator may also become the so-called Bollinger Bands - This is a tool used to measure market volatility. It consists of a middle line (moving average) and two bands - one below and one above, they can also be called channels. They are created by adding and subtracting standard deviations. As volatility increases, the bands in the chart widen, as they decrease, they move closer together.
We find ourselves in a strong uptrend when the market is moving towards the upper channel and the moving average. When there is a bearish sentiment, the market moves between the moving average and the bottom band.
If, on the other hand, in a downtrend, the market exceeds the moving average from the bottom and also closes above it - then there is a potential to reverse the situation on the chart.
Likewise, the uptrend - the market should not cross the moving average from the top, and the candle should not close below it. When this happens, it is a signal that the bullish sentiment is weakening.
By using this tool on the Bitcoin chart, we can see that both bands are currently squeezed, which may signal an impending big price move.
However, it is worth bearing in mind that it is difficult to determine the direction of the rate of this cryptocurrency. For example, in November 2018, the channels were just as tight, but shortly after that, the BTC price dropped to the annual lows. For this reason, when making the analysis, it is also worth taking into account the background, for example the economic background, and repeated behavior of investors.
The current situation on the Bitcoin chart
Yesterday's BTC session closed with a 0.56% profit. The price of this cryptocurrency rose slightly by $ 59.33. The current price of Bitcoin is around $ 10,620.
Looking at the anxiety and greed indicator in the BTC market, we can see that users continue to show fear.
