Bitcoin throughout its short decade long history has been on a steady uptrend in price and in a secular bull market. But while price is rising, volatility has long been trending down.But what are the reasons behind this trend, and what exactly does this mean for Bitcoin the near and long term?Early Exponential Growth In First-Ever…
In the middle of October, John Bollinger, the prominent technical analyst behind the Bollinger Bands indicator, remarked that Bitcoin (BTC) was going to see a so-called “head fake.” For those unaware, a head fake in technical analysis terms is when an asset falls out of the Bollinger Bands, an indicator that estimates trading ranges, then…