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In another YouTube video by Crypto Zombie, the host K-Dub reports signs of a Bitcoin price breakout coming soon. Ever since the economic stimulus checks were distributed in March, Bitcoin has hovered between about $54K and $60K. For any other asset class, this would seem volatile, but it’s been very boring by cryptocurrency standards. Looking at the charts, we should see either a new all time high, or drop to $50K, in another week.

The analysis begins with a price chart nearing the end of a “wedge,” in which the price bounces between descending upper levels and rising lower levels. Next, K-Dub shows us the Bollinger bands of Bitcoin; Bollinger bands are a statistical chart displaying price volatility over time. The bands are very tight right now, and the last time they were this narrow, Bitcoin broke out and rose 114%.

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