BTC BOLLINGER BANDS SQUEEZE

There are no much difference in the price of cryptocurrencies last week compared to the previous week. This all makes sense because institutional investors are finding it difficult to get into crypto or get out of crypto due to the fact Silvergate Bank and Signature Bank had a bank run. Even though there are some other ways out but the few that are still remaining are experiencing regulatory scrutiny. We are beginning to see United States regulators are beginning to target Cross River banks because it is offering 24/7 on-off ramps for cryptocurrency through Circle USDC. Because the number of on-off ramps number has been decreasing is making institutional investors in the United States are scared of investing in cryptocurrency make. They are scared a situation of investing in the crypto market and are not able to get their money out.

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Not only the institutional investors' side but also the retail investors have a smaller size selection of on-off ramps. That is why we have been sideways price action for more than three weeks now. We do not know where the cryptocurrency market is heading next but for sure that a big move is coming. If you look at the BTC chart, you will see that BTC is in the middle of a Billinger bands squeeze and when we start seeing this, it means the prices are about to move higher or lower but we don't know what will happen right now. We can also look at patterns on the BTC lower time frame like the 4 hours time frame.

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Not only on the daily chart that we are seeing Bollinger bands squeeze but we are also seeing it on the 4hrs and 1hr BTC chart. A lot of traders out there are guessing the price of BTC is about to rally based on its current price action. When we start seeing BTC consolidate a very look time, it is a signal that Altcoins are about the rally. Cryptocurrency correlation to the stock market is not rally doing well, this is not good because it will make it difficult for people to predict the next move in the crypto market.