Key takeaways:
Bitcoin’s Bollinger Bands indicator now sees the potential for BTC value breakout above $110,000.
Bitcoin eyes new all-time highs in July as a consequence of a number of tailwinds.
Bitcoin (BTC) might see additional upside volatility as BTC’s value holds key ranges, in keeping with a basic technical evaluation metric.
Bollinger Bands: BTC value nears breakout
In a Sunday publish on X, crypto YouTuber Crypto Rover mentioned that Bitcoin was positioned for an upward breakout based mostly on Bollinger Bands evaluation.
Bollinger Bands, a Bitcoin indicator utilized by merchants to evaluate momentum and volatility inside a sure vary, had reached its tightest level in 12 months, signaling {that a} important value transfer could also be underway or imminent.
Crypto Rover shared a chart exhibiting that Bitcoin Bollinger Bands have been “tighter than they’ve been” since February 2024 throughout three-day timeframes.
Associated: ‘False transfer’ to $105K? 5 Issues to know in Bitcoin this week
Bitcoin surged about 75% between February and March of 2024 to its earlier all-time highs of $74,000, after breaking above the higher boundary of the Bollinger Bands.
If historical past repeats, Bitcoin’s present value of $108,900 might shortly flip into a brand new all-time excessive of $190,000, in keeping with knowledge from Cointelegraph Markets Professional and TradingView.
In an accompanying remark, Crypto Rover mentioned:
“Large pump incoming!”
He wasn’t the one dealer to identify the rising sample.
“Bollinger band tighter than it’s been for over a 12 months,” mentioned crypto analyst Cantonese Cat, including, “Greater transfer coming.”
“The $BTC Bollinger Bands are fairly compressed — presently round yearly lows at a 9.4% value vary,” wrote Crypto markets commentator Frank Fetter in an X publish.
The $BTC Bollinger Bands are fairly compressed — presently round yearly lows at a 9.4% value vary. When vol? pic.twitter.com/H69SWOZD9x
— Frank (@FrankAFetter) June 30, 2025
John Bollinger, the creator of the Bollinger Bands volatility indicator, had beforehand mentioned that Bitcoin’s a number of rejections from the higher boundary of the indicator round $110,000 might mark an area high.
However the indicator’s creator is now bullish as soon as once more. In a Sunday publish on X, Bollinger mentioned:
“Bitcoin seems to be to be organising for an upside breakout.”
A number of metrics: Bitcoin “bull development is unbroken”
As Cointelegraph continues to report, a number of components are placing Bitcoin in place for extra upside regardless of hitting resistance at $110,000.
Along with persistent institutional demand by way of spot Bitcoin ETFs and treasury firms, BTC’s large cup-and-handle sample in increased timeframes tasks a breakout to as excessive as $230,000.
Looming US tariff deadlines together with an upcoming “Crypto Week” in Washington D.C. might unlock danger urge for food among the many bulls.
In the meantime, the Bitcoin market worth realized worth “MVRV” ratio, an onchain metric used to evaluate whether or not Bitcoin’s value is overvalued or undervalued, is at 2.23, above its 365-day easy shifting common (SMA365) at 2.15, per knowledge from CryptoQuant.
“Traditionally, so long as MVRV stays above its SMA365, the uptrend tends to proceed,” defined CryptoQuant analyst Burakkesmeci in a QuickTake evaluation, including:
“The bull development is unbroken.”
As Cointelegraph reported, continued enlargement of world cash provide (M2) serves as one other potential catalyst for Bitcoin to achieve $170,000 within the coming months.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a choice.
