Analysis: The Bollinger Bands have narrowed to a historically tight range, Bitcoin needs to break through the resistance of 80,000 USD
By: rootdata|2026/04/22 20:42:02
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According to Cointelegraph, the monthly Bollinger Bands for Bitcoin have reached the tightest level in history, with technical signals indicating that the market may experience significant volatility.
The report points out that for Bitcoin to further open up upward space, it must first break through the resistance around $80,000. Meanwhile, the monthly RSI for Bitcoin has dropped to a low not seen since the end of 2022 and has once again touched a multi-year support trend line.
Market data shows that there is strong selling pressure in the $78,000 to $80,000 range; if it stands above the resistance zone of $76,000 to $78,000, the price may further test $84,000.
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