Questions tagged [bollinger band]

CryptoLord Mon Jul 08 2024 | 5 answers 958

Inquiring minds may want to know: what defines the boundaries for bitcoin's price fluctuations? Specifically, what are the upper and lower limits set by the Bollinger Bands? These technical indicators, named after their creator John Bollinger, serve as dynamic guides for assessing the relative strength or weakness of a currency's price. The upper Bollinger Band typically represents a point of resistance where further upward momentum may stall, while the lower band serves as a support level, indicating a potential floor for prices. Understanding these bands can assist investors in making informed decisions regarding their Bitcoin holdings.