Bitcoin Price Under Pressure: Bollinger Bands Signal Potential Decline Below $100K

Recent market activity suggests Bitcoin may dip below the crucial $100,000 level. The volatility index, as measured by Bollinger Bands, shows tightening patterns indicating a possible decline in price. However, this drop isn’t necessarily indicative of a complete downturn, and several factors could contribute to a stabilization above this critical point. 3 billion dollars in ETF inflows have provided a significant boost to the market dynamics.