Bitcoin trading activity index falls to 1,768, below one-year average
- —Bitcoin trading activity index at 1,768 vs one-year average of 1,828
- —Bollinger Band width narrowed from 11.6% to 4.9% of average price
- —30-day moving average fell below the yearly average on Sept. 12, bottoming Oct. 6
- —BTC traded between $81,900 and $86,000, sliding from $85,800 to $83,200
Why it matters: Compressed volatility and weak activity often precede a sharp price move, though they do not indicate its direction.
Source: TokenPost