Analyst: The Bitcoin daily Bollinger Bands have narrowed to a new low since early 2024, which may indicate a volatility of about 40%

By: www.chaincatcher.com|2026/04/10 11:46:25

The cryptocurrency market is generally stabilizing, with Bitcoin slightly fluctuating at $71,700 and Ethereum at $2,180, continuing the low volatility trend of the past few months.

In terms of technical indicators, the daily Bollinger Bands for Bitcoin have narrowed to their tightest level since early 2024. Crypto analyst Eric Crown noted that since early February, Bitcoin's price has remained in the range of $63,000 to $75,000, and historically, whenever such a narrow range occurs, the price ultimately experiences about a 40% fluctuation.

According to CoinGlass's liquidation heatmap, if Bitcoin breaks above $75,000, it will trigger upward momentum, forcing short sellers to cover their positions; if it falls below $70,000 in the short term, approximately $200 million in long positions betting on a breakout will be liquidated.

One of the key catalysts on Friday is the U.S. Consumer Price Index (CPI) data. The inflation rate for March is expected to be 3.3% year-on-year, driven by soaring energy prices. Higher inflation data often leads to a stronger dollar, which in turn puts pressure on risk assets like Bitcoin.

-- Price

--
--
--

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

You may also like

The euro stablecoin's retail VASP transaction volume increased 12 times to $777 million over 15 months

According to Fireblocks' "2025 Stablecoin Status Report," the trading volume of euro stablecoins processed by retail virtual asset service providers (VASP) has grown 12 times in 15 months, reaching $777 million.European banks and fintech companies are accelerating the production and deployment of co...

The Federal Reserve is seeking feedback on the "streamlined master account" framework, proposing to allow cryptocurrency companies to access its payment system

Crypto journalist Eleanor Terrett revealed that the Federal Reserve has issued a notice for public comment and proposed rulemaking regarding payment accounts (i.e., "streamlined master accounts"), allowing eligible fintech and crypto companies to access the Federal Reserve's payment system for clear...

Y Combinator launches the YC Crypto Deals program, with participation from the Solana Foundation and others

Y Combinator has launched the YC Crypto Deals program to help startups obtain funding, gas fee credits, and crypto infrastructure support from partners such as Solana Foundation, QuickNode, Helius, and Phantom.

Futures Trading Hours Explained: How Smart Traders Cut Futures Fees and Earn More Cryptocurrency in 2026

Most futures traders focus on entries and ignore the fees quietly killing profits. Learn smarter futures trading strategies, TradingView setups, and how to earn back up to 45% in trading fees.

BNKR’s Recent Surge Marks New Heights in Cryptocurrency Market

Key Takeaways BNKR Token Peak: BNKR reached an all-time high of $0.0011 on July 31, 2025. Significant Market…

Beast Industries Acquires Step – Expanding Fintech Horizons

Key Takeaways Beast Industries, led by YouTube celeb MrBeast, has acquired the teen-focused fintech banking app Step, aiming…

...
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com