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Bitcoin’s Bollinger band indicator now sees the BTC price percussion potential of $ 110,000.
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Bitcoin Eyes New peaks of all time in July due to several rear winds.
Bitcoin (BTC) could see more rising volatility because the price of BTC holds key levels, according to a metric of classic technical analysis.
Bollinger Bands: BTC Price is approaching
In a Sunday article on X, Crypto Youtuber Crypto Rover said that Bitcoin was positioned for an ascending escape based on the analysis of Bollinger bands.
Bollinger strips, a bitcoin indicator used by traders to assess momentum and volatility in a certain beach, had reached its tightest point in 12 months, indicating that a significant price movement can be in progress or imminent.
Crypto Rover shared a graph showing that Bitcoin Bollinger groups were “tighter than they have been” since February 2024 over three days.
In relation: “False Move” at $ 105,000? 5 things to know in Bitcoin this week
Bitcoin jumped approximately 75% between February and March 2024 to its summits of previous $ 74,000, after having crossed the upper limit of Bollinger strips.
If history is repeated, the current Bitcoin price of $ 108,900 could quickly turn into a new summit of $ 190,000, according to data from Cointelegraph Markets Pro and TradingView.
In an accompanying commentary, Crypto Rover said:
“Large incoming pump!”
He was not the only trader to spot the emerging model.
“Bollinger Band Straight that for over a year,” Catonais Catonais Catonais Cat Cat Cat Cat Cat Cat, “said a greater decision to come”.
“The BTC Bollinger $ bands are quite compressed – currently around annual stockings with a price range of 9.4%,” wrote the commentator of the Crypto markets Frank Fetter in a post X.
THE $ BTC Bollinger strips are quite compressed – currently around annual stockings with a price range of 9.4%. When to theft? pic.twitter.com/h69swozd9x
– Frank (@Frankafetter) June 30, 2025
John Bollinger, the creator of the volatility indicator of Bollinger’s bands, had previously declared that the multiple Bitcoin refusals of the upper limit of the indicator around $ 110,000 could mark a local summit.
But the creator of the indicator is again optimistic once again. In a Sunday article on X, Bollinger said:
“Bitcoin seems to be set up for an upward break.”
Several measures: Bitcoin “The trend of the bull is intact”
While Cointelegraph continues to point out, several factors put Bitcoin in a good position for more increase despite the resistance at $ 110,000.
In addition to persistent institutional demand through FNB Bitcoin and cash companies, the giant Cup and BTC model within higher deadlines has been changing an escape up to $ 230,000.
The American tariff deadlines looming as well as a “crypto week” to come to Washington DC could unlock the appétit of risks among the bulls.
Meanwhile, the market value of Bitcoin has produced the “MVRV” value, an onchain metric used to assess whether the Bitcoin price is overvalued or undervalued, is 2.23, above its simple mobile average at 365 days (SMA365) at 2.15, according to cryptogant data.
“Historically, as long as MVRV remains above its SMA365, the upward trend tends to continue,” said Burakkesmeci, cryptocurrency analyst in a Quicktake analysis, adding:
“The trend of bulls is intact.”
As Cintelelegraph reported, the continuous expansion of the world 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 recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
