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Bitcoin Chart Pattern Brings Warning of Volatility Spike, Losses

  • Narrowing Bollinger bands suggest larger Bitcoin swings ahead
  • Coin has been stuck in trading range around $20,000 since June
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An unusually placid Bitcoin may be girding for a pick-up in turbulence and a lurch lower, if history is any guide.

The world’s largest cryptocurrency is notorious for its volatility but has defied that stereotype by oscillating in a relatively constrained range around the $20,000 level in the four months since hitting a low in mid-June.