Bitcoin trader eyes $63K BTC price for new Bollinger Bands ‘breakout’ By Cointelegraph

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(BTC) could be set for historic gains thanks to a simple trend line breakout, a popular trader hopes.

In a Twitter discussion on May 5, Titan of Crypto flagged a rare bull signal on the Bollinger Bands indicator for the Bitcoin monthly chart.

annotated chart. Source: Titan of Crypto/ Twitter
BTC/USD 1-day candle chart (Bitstamp) with Bollinger bands. Source: TradingView