Hive Analysis with Bollinger Band
Bitcoin price is currently $51,499. There has been no change in price recently. As such, when the price moves horizontally, money begins to flow into altcoins. ETH has had its share of this and there has been an increase of nearly 7% in the last week. A slight increase in the ETH price will make it easier for money to flow into altcoins.
Hive price is currently $0.331. On Wednesday, the price rose as high as $0.366, causing a minor stir. In the past, after such small increases, a serious and sharp increase occurred a few weeks later. We have to constantly reference the past, but the past does not always repeat.
(Tradingview Hive /USDT 1D chart)
As I mentioned last week, the hive price has been between the middle line and the upper line for a long time. This is a reliable region and a place where price increase preparations are made. Now the upper line must be crossed. If the price increase does not occur, this time the price decrease occurs. That's how financial markets are. Bitcoin price remains horizontal in this way, and if there is an increase in eth price, hive price will also start to increase for a while.
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