A popular crypto analyst says that one key technical indicator is suddenly signaling Bitcoin (BTC<\/a>) could go on a parabolic surge.<\/p>\n Pseudonymous analyst TechDev tells<\/a> his 458,300 followers on the social media platform X that the Chaikin Money Flow (CMF) metric now suggests Bitcoin could print a blow-off top this cycle.<\/p>\n In technical analysis, a blow-off top is a chart pattern showing a sudden rise in price that is followed by a sharp decline.<\/p>\n \u201cBitcoin blowoff tops only happen after 4W CMF breaks this line.\u201d<\/em><\/p>\n The CMF is a metric measuring the volume-weighted average of accumulation and distribution over a set period. TechDev\u2019s four-week chart shows that the CMF flashed green three previous times in Bitcoin\u2019s history, in 2011, 2013 and 2016, ahead of parabolic surges.<\/p>\n The analyst also shares<\/a> a chart using the Bollinger bands bandwidth (BBW), a price volatility gauge that is meant to identify periods of impending sharp price movements based on volatility contraction. His chart suggests Bitcoin is forming a similar pattern as around the start of 2017 preceded by a massive price explosion.<\/p>\n \u201cYou\u2019ve been here before. Forty-two months after the start of an already-ended long compression. Hovering at the prior high, pressed against the top band. Bandwidth squeezed and bounced. Expansion has just begun. Next leg poised to accelerate.\u201d<\/em><\/p>\n Bitcoin is trading for $66,388 at time of writing, down nearly 5% in the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Featured Image: Shutterstock\/CI Photos\/phanurak rubpol<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A popular crypto analyst says that one key technical indicator is suddenly signaling Bitcoin (BTC) could go on a parabolic surge. Pseudonymous analyst TechDev tells his 458,300 followers on the social media platform X that the Chaikin Money Flow (CMF) metric now suggests Bitcoin could print a blow-off top this cycle. In technical analysis, a […]<\/p>\n","protected":false},"author":2,"featured_media":34516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-323188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/323188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=323188"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/323188\/revisions"}],"predecessor-version":[{"id":323193,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/323188\/revisions\/323193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/34516"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=323188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=323188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=323188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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