Bitcoin Prepping New Lows, Trader Warns as Bollinger Bands Tighten
Published on April 5, 2026.
Bitcoin (BTC) is near $67,000 on Sunday, according to traders who predict a move lower due to weak support and exposed downside wicks. The Bollinger Bands volatility indicator constricted on four-hour time frames, a signal that a sharp move up or down is expected. Pseudonymous trader LP bet on bears winning the battle, stating that sweeping local lows, like February's below $60,000, was likely just a matter of time. He also highlighted a bot using time-weighted average price (TWAP) to distribute BTC, which sold $18M an hour.
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