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Bitcoin Breaks Upper Bollinger Band, Bollinger Himself Flips Bullish
Description
Bitcoin surges above its upper Bollinger Band, marking the second time since mid-January, with a close at eighty thousand four hundred eighty-four dollars. John Bollinger, the inventor of the bands, has turned bullish, and his investment fund has taken a position. Bitcoin is currently up nine percent over the past thirty days but is still thirty-six percent away from its all-time high. A related market value to realized value indicator is flashing overheated levels, potentially signaling the next leg up.
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