Bitcoin's current price is steady above $30,000 with low volatility. Glassnode's technical indicator data shows a tight Bollinger Bands range of only 4.2%, making it the quietest Bitcoin market since early January. The digital asset market is experiencing an extreme squeeze with the classic 20-day Bollinger Bands.
The price of Bitcoin has dropped slightly to around $30,180, and bulls must maintain psychological support to prevent further decline. A short squeeze could potentially send it up to YTD highs of $34k, but key levels of concern in the short-term are $28,200 and $25,600.
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