In this episode of NewsBTC’s daily technical analysis videos, we use the Fisher Transform and other tools to see how close Bitcoin is to putting an end to crypto winter. Take a look at the video below: VIDEO: Bitcoin Price (BTCUSD): October 24, 2022 Crypto Winter Bitcoin continues to be boring, but the theme of this video is all about what happens when the notoriously volatile cryptocurrency gets dull. All downside and no rallies makes Bitcoin a dull boy. Related Reading: Bitcoin Dominance To Regain Control Over Crypto? | BTC.D Analysis October 20, 2022 “Here’s Johnny:” What Happens When Bitcoin Becomes A Dull Boy The Bollinger Bands are getting even tighter, showing that explosiveness is coming soon enough and this ongoing lull is just the calm before the storm. Daily Bollinger Band Width is now at the lowest point since October 2020 right before the bull breakout in 2020. Prior to that, the bands got that tight just ahead of the collapse to the bear market bottom in 2018. On weekly timeframes, Bollinger Band Width is the tightest since the November 2018 breakdown, where Bitcoin dropped another 50% to its eventual bottom. All instances before that when the bands got this tight led to an enormous rally. The monthly timeframe shows a very unusual phenomenon. The Bollinger Bands are actually now expanding after being some of their tightest ever. Rising after such a lull in volatility has in the past ...
