Bitcoin Bollinger Bands reach critical point ahead of 'upside breakout'

6 hours ago

Key takeaways:

Bitcoin’s Bollinger Bands indicator present sees the imaginable for BTC terms breakout supra $110,000.
Bitcoin eyes caller all-time highs successful July owed to aggregate tailwinds.

Bitcoin (BTC) could spot further upside volatility arsenic BTC’s terms holds cardinal levels, according to a classical method investigation metric.

Bollinger Bands: BTC terms nears breakout

In a July 6 station connected X, crypto YouTuber Crypto Rover said that Bitcoin was positioned for an upward breakout based connected Bollinger Bands analysis.

Bollinger Bands, a Bitcoin indicator utilized by traders to measure momentum and volatility wrong a definite range, has reached its tightest constituent successful 12 months, signaling that a important terms determination whitethorn beryllium underway oregon imminent.

Crypto Rover shared a illustration showing that Bitcoin Bollinger Bands are “tighter than they’ve been” since February 2024 crossed three-day timeframes.

Bitcoin surged astir 75% betwixt February and March 2024 to its previous all-time highs of $74,000, aft breaking supra the precocious bound of the Bollinger Bands.

If past repeats, Bitcoin’s existent terms of $108,900 could rapidly crook into a caller all-time precocious of $190,000, according to information from Cointelegraph Markets Pro and TradingView.

In an accompanying comment, Crypto Rover said:

“Big pump incoming!”

He wasn’t the lone trader to spot the emerging pattern.

“Bollinger set tighter than it's been for implicit a year,” said crypto expert Cantonese Cat, adding, “Bigger determination coming.”

“The $BTC Bollinger Bands are beauteous compressed — presently astir yearly lows astatine a 9.4% terms range,” wrote Crypto markets commentator Frank Fetter successful an X post.

The $BTC Bollinger Bands are beauteous compressed — presently astir yearly lows astatine a 9.4% terms range. When vol? pic.twitter.com/H69SWOZD9x

— Frank (@FrankAFetter) June 30, 2025

John Bollinger, the creator of the Bollinger Bands volatility indicator, had antecedently said that Bitcoin’s aggregate rejections from the precocious bound of the indicator astir $110,000 could people a section top.

But the indicator’s creator is present bullish erstwhile again. In a July 6 station connected X, Bollinger said:

“Bitcoin looks to beryllium mounting up for an upside breakout.”

Multiple metrics: Bitcoin “bull inclination is intact”

As Cointelegraph continues to report, aggregate factors are putting Bitcoin successful a bully presumption for much upside despite hitting absorption astatine $110,000.

In summation to persistent organization request done spot Bitcoin ETFs and treasury companies, BTC’s elephantine cup-and-handle signifier successful higher timeframes projects a breakout to arsenic precocious arsenic $230,000.

Looming US tariff deadlines on with an upcoming “Crypto Week” successful Washington D.C. could unlock hazard appetite among the bulls.

Meanwhile, the Bitcoin marketplace worth realized worth “MVRV” ratio, an onchain metric utilized to measure whether Bitcoin's terms is overvalued oregon undervalued, is astatine 2.23, supra its 365-day elemental moving mean (SMA365) astatine 2.15, per information from CryptoQuant.

“Historically, arsenic agelong arsenic MVRV stays supra its SMA365, the uptrend tends to continue,” explained CryptoQuant expert Burakkesmeci successful a QuickTake analysis, adding:

“The bull inclination is intact.”

As Cointelegraph reported, continued enlargement of planetary wealth proviso (M2) serves arsenic different imaginable catalyst for Bitcoin to scope $170,000 successful the coming months.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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