Key points:
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Bitcoin’s Bollinger Band Indicator is now seeing the potential for BTC price breakouts of more than $110,000.
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Bitcoin’s new all-time high in July was due to multiple headwinds.
Bitcoin (BTCAccording to classic technical analysis indicators, further upward volatility can be seen as the price of BTC remains critical.
Bring Band: BTC price is close to breakout
In Sunday posts on X explain The Bitcoin is based on Bollinger Band Analysis.
Bollinger Bands is a Bitcoin indicator used by traders to assess momentum and volatility within a range, reaching its closest point in 12 months, indicating that a significant price transfer may be taking place or is about to take place.
Crypto Rover shared a chart showing the Bitcoin Bollinger “closely” over a three-day timeframe since February 2024.
Related: “Fake Moving” to $105K? 5 Things You Know About Bitcoin This Week
Bitcoin surged about 75% between February and March 2024 Previously $74,000After breaking above the upper boundary of the Bollinger.
If history is repeated, Bitcoin is currently priced at $108,900, which could quickly turn into a new all-time high of $190,000. Cointelegraph Markets Pro and TradingView.
In the accompanying comment, Crypto Rover says:
“The big pump comes in!”
He is not the only trader to discover emerging models.
“The Brynn Band has been more than a year.” explain Cantonese Cat, the crypto analyst, added: “The bigger move is coming.”
Crypto market commentator Frank Fetter wrote in an X post: “The Bollinger of $BTC is very compressed – the current annual low is about 9.4% in the price range.”
this $ btc The Bollinger is very compressed – the current annual lows range is 9.4%. when? pic.twitter.com/h69swozd9x
— Frank (@frankafets) June 30, 2025
John Bollinger, the founder of the Bollinger Bands Volatility metric, used to explain The multiple rejections of the Bitcoin from the upper boundary of the indicator are about $110,000, which may mark the local top.
But the creators of indicators are now optimistic again. In Sunday post on X, Bollinger explain:
“Bitcoin seems to be setting up a breakout above.”
Multiple indicators: Bitcoin “bull trend is intact”
As Cointelegraph continues to report, multiple factors put Bitcoin in a good position Despite resistance of $110,000.
In addition to the ongoing institutional demand Dot Bitcoin ETF and Finance CompanyGiant cup handle pattern of BTC in higher time range Forecast to exceed $230,000.
Immediately US tariff deadline and the upcoming “crypto week” in Washington, D.C. Can unlock the risk of bull’s appetite.
Meanwhile, the value “MVRV” ratio realized by Bitcoin market value is an OnChain indicator used to evaluate whether Bitcoin price is overvalued or undervalued, above 2.23 of its 365-day simple moving average (SMA365), which is 2.15.
“Historically, as long as the MVRV stays above its SMA365, the uptrend will continue.” analyze,Add to:
“The Bull Trend is complete.”
As a Cointelegraph Reportthe continued expansion of global money supply (M2) is another potential catalyst for Bitcoin to reach $170,000 in the coming months.
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
