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Bitcoin Bollinger Bands set up for explosive movement


Key Takeaways:

  • The Bitcoin bollinger indicator reaches a critical point of construction for bulls.

  • Bitcoin’s cup-and-handle pattern targets $ 300,000, which has been backed by many tailwinds.

A bitcoin indicator used by merchants to assess volatility reaches a critical point of construction, suggesting that a significant price transfer may be conducted.

Crypto and analyst businessman Matthew Hyland mentioned That bitcoin (Btc) Bollinger Bands – a tool that measures momentum and volatility of a possession within a certain range – reached their “most extreme level” during the monthly hour of time since it began in January 2009.

BTC/USD Monthly Chart. Source: Matthew Hyland

He is not the only businessman to see the emerging pattern.

“Bitcoin Bollinger Bands at 1m (month) are in historical hightness,” Crypto Ceasar’s popular analyst Saysadding, adding,

“This has previously led to heavy volatility upside down. Bitcoin can be for a spicy Q4.”

Previous contracting in 2012, 2016, and 2020 all “preceding price explosions,” Crypto Investor Giannis Andreou Says In an X post last week, the addition that the current setup is lighter, indicating the potential for the biggest move ever seen in the BTC price.

“Big volatility!”

This is not the first time in this Bull Market that bands have taught the basic price of BTC. Number Cointelegraph reportedIn early July, a squeeze in the three -day chart stopped running the current All-time highs above $ 124,500 reached on August 14th.

Bitcoin’s cup-and-handle pattern targets $ 300,000

As cointelegraph continues to report, many factors put bitcoin in a good position for more upside down despite recent failed attempts Sustain a recovery above $ 112,000.

In addition to the upcoming Fed reduction in interest rate and Bullish onchain metricsBitcoin can reflect the gold rally and Momentum again towards $ 185,000 And beyond.

Related: The bitcoin wobbles after beating the US Jobs Revision: What’s next for BTC?

Continuous institutional demand by spots bitcoin ETF and Treasury companies Bitcoin’s reversal is reinforced as a BTC ETF spot on the flow of positive on Monday.

“The money is moving back to the Bitcoin ETFs at a quick rate as retailers are impatiently falling into crypto,” Says Market Intelligence Firm Santiment on a Wednesday X Post, Adding:

“The previous crypto rallies have been strengthened by spikes like this.”

Spot bitcoin etf flow. Source: Santiment

The monthly chart shows that the price broke above the cup-and-handle neckline at $ 69,000 in November 2024. Bitcoin still confirmed the breakout and could rise to complete the maximum distance between the cup labang and neck line.

That puts the target cup-and-handle breakout of Bitcoin for 2025–2026 around $ 305,000, up to more than 170% from current price levels.

BTC/USD Monthly Chart. Cointelegraph/Tradingview

However, it is important to note that a cup-and-handle does not always guarantee the full reversal move. A Study By veteran analyst Thomas Bulkowski found that only 61% of these setups reached their expected targets.

Number Cointelegraph reported.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.