The monotonous price movement could soon come to an end, as we anticipate increased volatility when the price breaches the Fibonacci circle. While my inclination leans toward further upward price action due to the breakout from the long-term descending wedge, it's worth noting that recent price action has been lackluster.
The Bollinger Band Width, expressed as a percentage, hit its lowest point in June, a level not seen since July 2020, just before the remarkable bull run that led to the all-time high.
My initial drawing of this Fibonacci circle dates back to December 2022
The Bollinger Band Width, expressed as a percentage, hit its lowest point in June, a level not seen since July 2020, just before the remarkable bull run that led to the all-time high.
My initial drawing of this Fibonacci circle dates back to December 2022
