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Bitcoin’s Bollinger Bands now sees the potential for BTC Price Breakout over $ 110,000.
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Bitcoin eyes in July in July due to several tail winds.
Bitcoin (BTC) He also saw the volatility up, because the price of BTC holds the key levels, according to the classic metric of technical analysis.
Bollinger Bands: BTC Price is approaching
In Sunday’s post for X, Crypto Youtuber Crypto Rover said that bitcoin was placed for upwards on the basis of Bollinger Bands Analysis.
The Bollinger Bands, a bitcoin indicator used by traders to assess the momentum and volatility to a certain extent, has reached their strictest point in 12 months, indicating that a significant price step can take place or immediate.
Crypto Rover shared a chart that shows that Bitcoin Bollinger bands were “stricter than” since February 2024 during three -day frames.
Related: “FALSE MOVE” to $ 105,000? This week in bitcoins 5 things
Bitcoin increased between February and March 2024 about 75% Previous highest maximum 74,000 $After breaking over the upper boundary Bollinger Bands.
If history is repeated, the current price of Bitcoins of $ 108,900 would change quickly to a new maximum of $ 190,000 according to data from data from data data data data COINTELEGRAPH Markets for and Tradingview.
In the accompanying comment Crypto Rover said:
“Big pump coming!”
He was not the only trader to notice the emerging pattern.
“Bollinger Band closer than it has been for more than a year,” said Crypto analyst of the canton cat and adds: “Greater movement comes.”
“The Bollinger bands $ BTC are quite compressed – currently around the annual minimal at a price range of 9.4%,” wrote commentator Crypto Markets Frank Fetter in post X.
The $ Btc Bollinger Bands are quite compressed – currently around the annual minimum for a price range of 9.4%. When Vol? pic.twitter.com/h69swozd9x
– Frank (@FrankAfets) June 30, 2025
John Bollinger, the creator of the volatility indicator Bollinger Bands, had earlier said The fact that bitcoins multiple rejection from the upper limit of an indicator around $ 110,000 could mean a local peak.
The creator of the indicator, however, is now again bull. In Sunday’s post for X, Bollinger said:
“Looks like bitcoins are preparing to be awake.”
More metrics: Bitcoin “Bull Trend is intact”
As Cointelegraph still reports, more factors give bitcoins to a good position for more upside down In spite of the opposition to $ 110,000.
In addition to the persistent institutional demand Spot Bitcoin ETF and Treasury CompaniesBTC giant cup and manipulator in higher time frames Screens the escape up to $ 230,000.
Approaching American Tariff Terms Along with the upcoming “crypto week” in Washington DC could unlock the risk of taste between bulls.
Meanwhile, the market value of bitcoins has implemented the “MVRV”, the onchain metric used to assess whether the price of bitcoins is overvalued or underestimated, is at 2.23, above 365 -day simple gliding diameter (SMA365) at 2.15, on Cryptoquant data.
“Historically, if the MVRV remains over the SMA365, the uptrend tends to continue,” Cryptoquant explained Burakkesmei in quick condition analysisaddition:
“The trend of the bull is intact.”
As cutelegraph reportedThe continuing expansion of global money supply (M2) serves as another potential catalyst for bitcoins to achieve $ 170,000 in the coming months.
This article does not contain investment counseling or recommendations. Every investment and business step includes a risk and readers should do their own research in decision -making.
