Bollinger, an American author and financial analyst who developed this technical analysis tool in the early 1980s, stated, “Bitcoin looks to be setting up for an upside breakout. $BTCUSD More as the week gets going.” Bollinger Bands, which consist of a moving average and two standard deviation lines, are used by traders to assess price volatility and market trends, offering insights into high and low price levels relative to the market.

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