Bitcoin Bollinger Bands tighter than ever as trader eyes $107K ‘max pain’

Key points:

• Bitcoin terms wars betwixt bulls and bears proceed arsenic traders enactment up end-of-month BTC terms targets.

• These see a instrumentality to $107,000 oregon little earlier a rebound.

• Volatility is expected arsenic Bollinger Band readings scope historically “tight” levels.

Bitcoin (BTC) stayed rangebound astatine Wednesday’s Wall Street unfastened arsenic traders eyed a elephantine $17.5 cardinal options expiry.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

BTC terms targets see $107,000 and under

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD teasing caller section lows.

The brace reached $111,115 connected Bitstamp earlier connected the time earlier returning to $113,000, with neither bulls nor bears capable to spark a wide trend.

Reviewing the landscape, marketplace participants inactive saw a caller BTC terms dip earlier a existent betterment took place.

“$BTC usually bottoms successful September,” crypto capitalist and entrepreneur Ted Pillows observed successful his latest investigation connected X.

“In conscionable 2 days, $17,500,000,000 successful Bitcoin options volition expire with a max symptom astatine $107,000. Historically, BTC moves towards max symptom during specified immense expirations. I deliberation there's inactive a large limb down near earlier reversal.”

BTC/USD two-week chart. Source: Ted Pillows/X

Popular trader BitBull offered different humanities comparison, this clip to earlier successful the existent bull market.

“$BTC is doing precisely what it did successful Q1 2024,” helium argued. 

“The semipermanent inclination is inactive to the upside, but we whitethorn get immoderate corrections. I wouldn't beryllium amazed if Bitcoin retests $103K-$105K level earlier reversal.”

BTC/USDT one-day examination chart. Source: BitBull/X

The time prior, BitBull had suggested that whales whitethorn effort to drive terms below its 100-day exponential moving mean (EMA) astatine $111,900 — thing that should besides make “max pain.”

Big Bitcoin terms determination “quite likely” wrong a week

Historical context, meanwhile, led chap trader Daan Crypto Trades to foretell a overmuch much volatile extremity to September, traditionally Bitcoin’s weakest month.

Related: Biggest agelong liquidation of the year: 5 things to cognize successful Bitcoin this week

“$BTC Flip this section absorption and we tin commencement talking astir a reversal of this week’s dip. Pretty ample inefficiency close supra and a play candle without a due wick above,” helium wrote astir the $113,000 people successful portion of an X post. 

“The existent play displacement (low to high) is besides the smallest it has been successful the past 2 years. This means that it is highly apt that the $111K debased oregon $115.3K precocious inactive gets breached by the extremity of the week.”

BTC/USDT 15-minute chart. Source: Daan Crypto Trades/X

The concern was the aforesaid connected monthly clip frames, with BTC/USD presently successful enactment to people its narrowest monthly candle successful implicit 2 years.

“Basically, terms enactment & a larger determination is rather apt until the extremity of the week/month based connected the statistics. So support an oculus retired for signs of section spot (or weakness), and stake accordingly,” Daan Crypto Trades summarized.

Bitcoin play Bollinger Bands are officially the tightest successful the full past of BTCUSD terms enactment pic.twitter.com/XWNYkquVXP

— Tony "The Bull" Severino, CMT (@TonyTheBullCMT) September 23, 2025

Separate information from the Bollinger Bands indicator meantime showed grounds “narrowing” connected play timeframes — a further precursor to caller BTC terms volatility.

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.