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Bitcoin shows a rare low-volatility pattern hinting at a major rally like in 2023.

Technical Signals
12 Aug 2026
UToday
View Source
Bullish
Bitcoin shows a rare low-volatility pattern hinting at a major rally like in 2023.

Bitcoin's price is currently squeezed in a narrow range around $63,700, with the Bollinger Band Width indicator at its lowest since October 2023, signaling a potential explosive move. This pattern mirrors the one in late 2023 that preceded a massive rally, where Bitcoin surged over 330% from just above $20,000 to over $130,000 by mid-2025. The recent U.S. Consumer Price Index (CPI) report aligns with expectations, easing pressure on the Federal Reserve to raise interest rates, which could further support Bitcoin's bullish momentum. However, some investors remain cautious due to ongoing macroeconomic risks like tariffs and energy prices that might impact the rally's sustainability.

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