TechFlow News, April 22: According to Cointelegraph, Bitcoin’s monthly Bollinger Bands have contracted to their tightest historical level, signaling that the market may experience significant volatility. The report notes that for Bitcoin to expand its upside potential further, it must first break through resistance near $80,000. Meanwhile, Bitcoin’s monthly RSI has fallen to its lowest level since late 2022 and has again touched a multi-year support trendline. Market data indicates strong selling pressure in the $78,000–$80,000 range; if Bitcoin sustains above the $76,000–$78,000 resistance zone, price could potentially rise further toward $84,000.
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