Bollinger Bands nearly tightest they've been since October

Bitcoin has been struggling recently. I've seen lots of posts from bulls and bears. I myself am leaning more towards bullish side, since lots of ways for new money to come into the space. However there's been so much crackdown and regulation, and the chart still looks ugly.

Bollinger bands are tightening up on the daily - indicating a major move may be nearing.

If it should break downwards, I'm expecting some major red in bitcoin.

Not a certified securities professional.