Bitcoin Bollinger Bands Squeezing: Is BTC Ready For $140,000?

Bitcoin is in an uptrend, but events in the daily chart show pockets of weakness. Though BTC is stagnant, analysts are upbeat, expecting prices to rise in the days to come. Is Bitcoin Ready To Rip Higher: Analyst Says Bulls Are Eyeing $140,000 Taking to X, one analyst has picked out an unusual development: In the weekly chart, the Bitcoin Bollinger Bands (BB) is currently at their tightest level in history. Besides April 2016 and July 2023 events, the Bitcoin BB is tightening, forming a squeeze. Related Reading: Solana Price Could Eclipse $1,400 As Massive Bull Flag Emerges Since BB is a technical indicator used to gauge underlying volatility, what’s happening now should draw traders’ attention. Specifically, prices tend to explode within the next few sessions whenever BB forms a squeeze, compressing to what is now. However, traders should also know that the direction of breakout can be in either direction. In the past, Bitcoin prices rose higher. To illustrate, after the BB squeeze in July, the coin went on to fly in the coming months, breaking $70,000 by March before the coin rose to $73,800. If the past guides, and indeed, prices explode at the end of this squeeze, the analyst predicts Bitcoin flying to $140,000 and even $190,000 in the next few months.   The expansion would be a welcomed boost for bulls, considering that prices are now in what the analyst described as a “boring zone.” Any uptick above $73,800 and all-time highs, pushing BTC to six-digit levels, would automatically be in the “banana zone.” Spot BTC ETF Issuers On A Buying Spree, Donald Trump’s Endorsement The confidence that Bitcoin will rip higher is also due to fundamental factors. Despite the current price lull after the refreshing surge earlier this week, spot Bitcoin ETF issuers are buying. BlackRock is spearheading this buying spree. Records show that the asset manager bought over $1 billion of BTC in July. On July 18, one observer noted that they bought 18,600 BTC, or $107 million worth of the coin, on behalf of their clients. According to SosoValue, as of July 19, BlackRock’s IBIT manages over $20 billion worth of BTC. Related Reading: Mass Exodus? Over 672,000 Bitcoin Holders Drop Out Amid Market Shifts Moreover, adding fuel to the fire, it is speculated that if Donald Trump wins the United States presidency, his administration might consider BTC a strategic reserve. While this possibility is debatable for now, it highlights the growing interest from policymakers, which is a massive boost for crypto. Feature image from DALLE, chart from TradingView

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XRP Set To Skyrocket 60,000% On Tightest Bollinger Bands Ever: Analyst

In an analysis shared via X and YouTube, crypto analyst Matt “The Great Mattsby” Hughes highlighted what could be a historic move for the XRP price, based on the Bollinger Bands indicator. Hughes points to an impending squeeze in XRP’s monthly Bollinger Bands, suggesting a potential spike similar to previous rallies where the cryptocurrency saw massive gains. Hughes explained via X: “XRP has one of the tightest monthly Bollinger Band squeezes in its history and in all of crypto right now. The last time it squeezed like that, it shot up 60,000%.” In a YouTube video, the crypto analyst went into more detail, explaining how the XRP price has behaved in the past when the Bollinger Bands have been this tight. XRP Could Skyrocket To $250 The first instance, according to Hughes, occurred between September 2016 and March 2017. During this period, the XRP price consolidated for several months, causing the Bollinger Bands to tighten dramatically. After this period of consolidation, the XRP price skyrocketed, achieving gains that Hughes estimates to be around 60,000%. The second time was from December 2020 to April 2021. In this case, XRP rose by around 1,000%. “So it was much less than this period here and simply because it looks like it wasn’t as tight as it was right here [the first time], we can see it was much tighter during the first time, Hughes explained. Related Reading: Crypto Whales Buy The Dip As $22 Million In XRP Flows Out Of Binance This is the third time. Notably, “is the tightest it has ever been, even tighter than the first time, which suggests that it should explode much higher than previous cycles,” he said. The Bollinger Bands are a technical analysis tool defined by a set of trendlines two standard deviations (positive and negative) away from a simple moving average (SMA) of a security’s price, but can be adjusted to suit the user’s preferences. A narrowing of these bands typically indicates low volatility with the potential for a major bullish or bearish price movement once the bands begin to widen again. Hughes also examines the duration from the all-time high to the current price, noting that 2,373 days have elapsed. This long period of relative inactivity in price growth, combined with the extreme tightness of the Bollinger Bands, forms the basis of his prediction of an imminent significant move higher. It’s the tightest in its history as well so that just kind of proves to me that there is going to be a move sometime in the near future. I’m not sure when but sometime, we can see that this is looking more and more like it wants to break out, Hughes remarked. Related Reading: Crypto Analyst Predicts XRP Price Crash To $0.07 Amid Triangle Breakdown In addition to the technical perspective, he also discussed XRP’s price performance relative to its 20-month moving average. He notes that, similar to previous patterns, XRP has spent a considerable amount of time below this moving average prior to significant rallies. In both previous instances, XRP’s breakout was preceded by a period below this moving average, followed by a breakout that began after testing the bottom of the Bollinger Band. Notably, the price of XRP hasn’t yet tested the bottom of the Bollinger band. Therefore, Hughes speculates about a potential price drop as a “final flush out”, possibly down to the $0.30 area before a potential breakout. Such a move would be in line with previous cycles where a test of the lower Bollinger Band has led to strong rallies. So there is a possibility that the price could come down to test it. Maybe one last flush out maybe down into the $0.30s, we don’t know but if that’s the case then that’s just more confluence of the previous cycles that price can still just break out, he concluded. By the way, if history were to repeat itself and XRP were to increase by 62,000%, it would reach a price of $250. At press time, XRP traded at $0.44574. Featured image created with DALL·E, chart from TradingView.com

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Analyst John Bollinger Foresees More Consolidation For Bitcoin

In the last week, the price of Bitcoin took a significant nosedive, recording a 7% loss to trade as low as $59,478. According to data from CoinMarketCap, Bitcoin attempted a rebound following this dip but has since been stuck in consolidation between $60,100 – $62,300. Commenting on this development, John Bollinger, inventor of the Bollinger Bands, a popular technical momentum indicator, has provided potential insights into Bitcoins next movement as investors continue to await the much-expected crypto bull run. Related Reading: Market Tremors: $10 Billion in Bitcoin Dumped in May Alone, What Does This Signal? Bitcoin To Remain In Consolidation, Bollinger Says In an X post on June 28, Bollinger predicted the price of Bitcoin will maintain its current range-bound movement. The prominent analyst made this projection based on the absence of a price bound following a two-bar reversal at the lower Bollinger Band.   For context, the Bollinger Bands consist of three lines (bands) namely a Middle Band which is typically a 20-day moving average of the assets price, and an upper and lower band which represent the SMA plus and minus two standard deviations of the price respectively. The Bollinger Bands are primarily used for trend identification and for indicating potential breakouts and breakdowns.  Notably in trading, a two-bar reversal is a candlestick pattern showing a potential change in price direction. When this pattern occurs at the lower Bollinger Band, it often suggests that the asset might experience a bounce or a reversal to the upside due to being oversold. However, in the current case of Bitcoin in which there is no price gain following this development, it can indicate continued weakness or price indecision which may cause BTC to remain in consolidation. Generally, such sideways price movements are driven by bearish or uncertain sentiments leading to a lack of buying pressure from investors even at lower prices. In addition, this absence of price bounce also indicates that the current lower Bollinger Band represents a weak support level increasing the risk of a price breakdown. Related Reading: Is The Bitcoin Bottom In? Crypto Expert Predicts Bullish Price Reversal BTC Price Overview At the time of writing, the price of Bitcoin continues to trade at $60,629 with a 1.31% decline in the last day. However, the assets daily trading volume is up by 15.95% and is currently valued at $24.8 billion. Notably, Bitcoin lost 11.69% of its value in June as its price dipped below $60,000. However, despite this decline, investors remain resilient in their expectations of a price rally to kick-start the crypto bull season. Notably, a crypto whale recently bought 20,200 BTC at $1.23 billion, showing much confidence in the tokens ability to stage a price rebound and embark on a bullish run. BTC trading at $60,750 on the 4-hour chart | Source: BTCUSDT chart on Tradingview.com Featured image from Shutterstock , chart from Tradingview

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Bitcoin Price Flashes Signal That Has Led To A Surge Every Time

The Bitcoin price action has once again caught the attention of the broader crypto market, as it flashes major bullish signals that have, without fail, led to significant rallies throughout this cycle. Building on this technical signal, a crypto analyst has forecasted that Bitcoin could mirror historical trends and potentially surge to a new all-time high.  Bollinger Band Signal Hints At Bitcoin Price Rally A closer look at Bitcoins weekly chart presented by Bitcoinsensus on X (formerly Twitter) reveals a critical pattern that has only appeared four times since 2022. Each occurrence has marked the beginning of a strong upward movement in Bitcoins price, making this a highly bullish setup. Related Reading: Elliot Wave Theory Shows Where Bitcoin Is In This Cycle Bull Rally Over? The signal in question is the Bollinger Bands, which is known to identify potential reversal zones. The analysis shows that Bitcoin has recently touched the lower Bollinger Band on the weekly chart and bounced upward, confirming a support level that historically acted as a springboard to sustained bullish momentum.  This marks the fifth time this specific signal has occurred during this cycle. Each of the past four signals, highlighted by the white circles on the chart, was followed by strong price rallies.  Notably, in early 2023, Bitcoin rallied from below $2,000 to over $30,000 following the appearance of this Bollinger Band signal. A similar pattern played out in mid-2023 when this setup triggered a surge that pushed Bitcoin above $45,000. Later that year, the same signal preceded a breakout, with BTC soaring past $60,000. Most recently, in early 2024, the Bollinger Band signal sparked a parabolic run above $100,000.  Now, in Q2 of 2025, Bitcoin is once again flashing this historically reliable indicator. Its price found strong support near the $77,500 level, with resistance levels set above $106,000. As the Bollinger Bands align, Bitcoinsensus predicts a potential rally toward $130,000 – $160,000. This would mark a historical all-time high for Bitcoin, representing a maximum increase of over 46.7% from its current ATH above $109,000.  BTC Poised For Breakout As Price Nears $100,000 Again The Bitcoin price is once again approaching the $100,000 mark after its latest 4.75% surge this past week. Amidst its price recovery, crypto analyst Trader Tardigrade predicts that Bitcoin will soon break out of bearish resistance to reach new highs. Related Reading: Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key The analyst shared a BTC chart analysis highlighting a recurring breakout pattern that has historically preceded large upward moves after a breakout from a descending resistance trendline. This pattern has emerged three times in the past: first from late 2022 to early 2023, then from mid-2023 to early 2024, and finally from late 2024 to early 2025. In the current setup, Bitcoin is once again testing the descending trendline resistance and appears to be breaking out from it. If history is any indication, the analyst projects a potential target zone between $100,000 – $136,000, marking a new ATH. Featured image from Pixabay, chart from Tradingview.com

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XRP/BTC Chart Signals Possible Upside: 30% Surge Possible?

Analyzing Bollinger Bands, MACD, and trading volume suggests that an XRP/BTC rally could happen soon.

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Solanas Bollinger Bands Are Squeezing: Big Move Incoming?

The gap Solanas Bollinger Bands are reducing, which is a sign that its price is about to change.

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Bitcoin Poised For W-Bottom Reversal, Says Legendary Trader Bollinger

Legendary technical analyst John Bollinger has highlighted what he calls a “classic Bollinger Band W bottom” that may be forming on the Bitcoin pair BTC/USD. According to him, BTC appears to have found support in the $74,000 area, setting up the characteristic double-dip lows that define a W-shaped reversal pattern. Notably, Bollinger stressed that the setup still needs to be confirmed: “Classic Bollinger Band W bottom setup in BTCUSD. Still needs confirmation”. Is The Bitcoin Bottom In? The chart shows Bitcoin navigating a decline from its mid-January high near $110,000, with recent price action clustered around the lower band of the Bollinger Bands. The upper band sits at $108,837, while the lower band sits at $77,138, suggesting a relatively wide range of volatility on a weekly basis. The Bollinger’s mid-line is close to $93,000. Related Reading: This Crypto Analyst Predicted The Bitcoin Price Crash At $97,000, He Just Released Another Forecast Bollinger’s indication of a W-bottom is based on the formation of two distinct troughs in quick succession, as seen in both the price data and the oscillator readings below the chart. The first trough materialised as BTCUSD fell from its then high of around $90,000 to the mid-$76,000 area, then rallied before sliding back to a comparable support area around $74,500. The repeated dip into this horizontal support level has so far held, which Bollinger identifies as a potential base for a bullish reversal – although he cautions that a definitive move above the intervening swing high near $90,000 would help validate this classic chart pattern. Other market clues include slightly lower trading volumes, suggesting that the intense selling that drove bitcoin down from its recent peak may be easing. The chart’s momentum oscillator, which tracks overbought and oversold conditions, supports this thesis, forming a bottom near its lower border. Although this alignment with price action suggests a possible bottom, many technical analysts are looking for the oscillator to rise convincingly above its midpoint to confirm that momentum has indeed shifted in favour of buyers. Related Reading: Is The Bitcoin Bottom In After Trumps Tariff Pause? Heres What To Expect Bollinger bands themselves, invented by John Bollinger, measure volatility by placing envelope lines above and below a moving average. When these bands widen, the market typically experiences large price swings; when they narrow, volatility decreases. In Bitcoin’s case, they’ve remained relatively wide, reflecting the cryptocurrency’s dramatic range from below $20,000 to six figures over the past two years. While talk of a W-bottom has sparked optimism among bullish traders, Bollinger’s reminder that it “still needs to be confirmed” highlights the importance of solid follow-through in price action. If Bitcoin can break above $90,000 on robust volume, the long-awaited confirmation of this pattern would be within reach. Until then, the W-bottom is just a possibility. At press time, BTC traded at $81,366. Featured image created with DALL.E, chart from TradingView.com

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Rare Crypto Signal Emerges That Could Spark Another 2017-Style Boom

A rare crypto technical indicator signal has appeared for the first time in over six years. The last time it fired, the total cryptocurrency market cap climbed more than 7,000% and put the asset class on the map. With the signal now firing once again, is this a prelude to another 2017-style market boom in digital currencies? Why Crypto Could Be On The Verge Of A 2017-Style Boom Volatility is the measure of how much price varies within a timeframe. For example, an asset that rises and falls $5 either way on average is nowhere nearly as volatile as something like Bitcoin which can crash by 80% then rip higher by a 1000%. The Bollinger Bands visualize volatility over the last 20-periods using a moving average and two standard deviations. When the tools tighten, it signals a lack of volatility. When the bands expand, they signal intense volatility ahead. Related Reading: Bitcoin Price Double Fractal Points To “Extended” Parabolic Rally A squeeze setup involves the Bollinger Bands tightening, then expanding to release the energy built up in the trading range. This is precisely what’s happening in the Total Crypto Market cap chart for the first time since late 2016. In the chart below, Bollinger Band Width is at the tightest in over six years. Although past performance is no guarantee of future results, the last time the signal appeared the crypto market climbed from $10 billion to $780 billion in value. A massive move is coming in cryptocurrencies | TOTAL on TradingView.com Buckle Up: Bollinger Bands Suggest Volatility Ahead The Bollinger Bands are telling us that volatility is coming, but says little about the direction of price action. For a buy signal to occur, price must close above the upper band. Until that happens, all we know is a big move is coming. Volatility, however, can resolve to the upside, despite being more so associated with downside in financial markets. The VIX, which is a measure of implied volatility in the S&P 500, is also called the “Fear Index” because it so often spikes during corrections. Related Reading: This Bitcoin Indicator Turned $5 Into $34,000 Even Oxford Languages defines the term with a negative connotation. According to the authority, volatility is the “liability to change rapidly and unpredictably, especially for the worse.” Simply put, things could also get worse for crypto. But considering the extended downtrend and evidence from the last time the signal fired, this tight of Bollinger Band Width has the potential to produce a 2017-like rally in crypto. Tony is the author of the CoinChartist (VIP) newsletter. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

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Ethereum Price Hits 300-Week MA For The Second Time Ever, Heres What Happened In 2022

Ethereum has once again fallen below the $2,000 mark, a psychological level it had briefly reclaimed earlier this week. The market-wide correction over the past 24 hours has weighed on Ethereum’s recovery momentum, and the leading altcoin has seen a dip in sentiment that could lead to a deeper decline or a sharp mid-term rebound.  Short-term sentiment is cautious, but a new analysis from a well-followed crypto analyst has brought attention to a significant technical event that opens up a bullish perspective for the Ethereum price. Ethereum Hits 300-Week Moving Average Again: What Happened The Last Time? Taking to social media platform X, crypto analyst CryptoBullet pointed out that Ethereum has now touched the 300-week moving average for only the second time in its history. The first instance was in June 2022, during the market-wide crash that saw the Ethereum price plummet to as low as $880 before beginning a long, slow recovery. Related Reading: Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming? The second occurrence has come this month, March 2025, just as Ethereum continues to extend its struggles in gaining a footing above $2,000. With Ethereum touching the 300-week moving average again, we can only look back to see what happened last time to get a perspective of what to expect now. In June 2022, Ethereums touch of the 300-week moving average marked the beginning of a long-term recovery phase. After the bounce from that level, the Ethereum price surged more than 140% over the next eight weeks, eventually pushing above $2,100 in August 2022 before another correction. Mid-Term Rebound In Focus For ETH, But Resistance Ahead CryptoBullet noted the significance of this moving average, framing it as a key historical support zone. The analyst argued that regardless of bearish sentiment in the short term, this kind of macro-level support typically sets the stage for a meaningful bounce.  Related Reading: Ethereum In 2024 Vs. 2025: What Important Technical Indicators Are Saying Even if you’re a bear, you can’t deny that we hit a very important support level, he wrote, adding that his price target for the coming bounce is between $2,900 and $3,200. Nonetheless, the bounce will depend on how the Ethereum price reacts to the level, as a continued downside move would cancel out any bullish momentum. For now, Ethereums price is trapped under bearish sentiment, and bulls will need to reclaim the $2,000 zone before any sustainable bounce toward the $2,900 and $3,200 range can begin to materialize. Furthermore, the recent price correction in the past 24 hours increases the risks of the Ethereum price closing March below the 3M Bollinger bands, which is currently just around $2,000. A close below the 3M Bollinger bands could spell trouble for the leading altcoin. However, if CryptoBullets analysis proves to be accurate, Ethereum may soon enter a period of stronger price action that plays out over the coming weeks. At the time of writing, Ethereum is trading at $1,907, down by 5.82% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com

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Dogecoin Bollinger Bands Tighten On 12H Chart Hinting At Imminent Price Move Insights

Meme coins have faced significant pressure in recent weeks, with uncertainty and macro-driven selling hitting risk assets across the board. Among them, Dogecoin remains in a consolidation range, trading between crucial price levels. Despite holding above key support, bulls have been unable to generate enough momentum to reclaim higher levels and trigger a recovery rally. Related Reading: Ondo Finance Eyes Breakout As Price Tests $0.89 Channel Resistance Analyst As volatility tightens, all eyes are now on the next major move for DOGE. Analysts warn that a breakoutup or downis imminent, as the market compresses and sentiment remains divided. Bulls must reclaim levels above $0.18 to shift short-term momentum and avoid further downside. Top analyst Ali Martinez shared technical insights on X, pointing to a notable pattern emerging on the 12-hour chart. According to Martinez, Dogecoins Bollinger Bands are narrowing, a technical signal that typically precedes a significant price move. This tight squeeze suggests that DOGE may be on the verge of breaking out of its current range, with the direction likely determined by broader market sentiment and short-term trading activity. For now, traders are watching closely, as Dogecoin approaches a critical point where its next move could shape the trend for the days ahead. Dogecoin Tightens as Volatility Builds Dogecoin has been locked in a tight consolidation range since March 11, hovering between $0.16 and $0.18 as broader market uncertainty continues to weigh on investor sentiment. While many altcoins have struggled under selling pressure, meme coins like DOGE often see amplified volatility during such phasesmaking the next move especially important for short-term traders and long-term holders alike. With no clear direction established, market participants are now waiting for a catalyst to push Dogecoin decisively in either direction. Some analysts remain optimistic, expecting the market to recover soon as economic fears stabilize. Others are more cautious, warning that continued macroeconomic uncertainty and inflation risks could lead to a deeper bear phase for crypto. Amid this backdrop, Martinez has highlighted a technical setup that may signal whats next for DOGE. On the 12-hour chart, the Bollinger Bands are tightening significantlya pattern known as a squeeze. Historically, this setup has often preceded sharp price movements, signaling that a breakout (or breakdown) could be near. The narrowing of the bands reflects a decline in volatility, but this calm is unlikely to last. Once Dogecoin escapes its current range, the move could be swift and decisive. Traders should watch closely as a breakout from this setup could define DOGEs trend for the weeks ahead. Related Reading: Chainlink Poised For Recovery If $13 Support Holds Expert Sets Optimistic Targets DOGE Price Stuck in Tight Range A Breakout or Breakdown Looms Dogecoin is currently trading at $0.176 after several days of sideways consolidation within a tight range. Price action has remained muted, with DOGE struggling to push above the key $0.18 resistance level. This consolidation signals a buildup in pressure, and a breakout could soon follow. Bulls are eyeing a move above $0.18 as a critical step toward reclaiming momentum and confirming a potential recovery rally. If DOGE can break through $0.18 with volume and reclaim the psychological $0.20 level, it would signal strength and could attract fresh demand. The $0.20 level, in particular, serves as a strong resistance and must be cleared for a broader uptrend to take shape. On the downside, however, failure to hold current levelsespecially a drop below the $0.15 markwould be concerning for bulls. A breakdown below this key support could trigger a wave of panic selling, sending DOGE into a deeper retrace and testing lower demand zones. Related Reading: Bitcoin Futures Data Shows Bullish Long/Short Ratio Details As market volatility remains low and technical indicators tighten, all eyes are on DOGEs next move. Whether it breaks upward or downward, the result will likely set the tone for Dogecoins trajectory in the coming weeks. Featured image from Dall-E, chart from TradingView

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Why Bitcoin Could Be Less Than 120 Days Away From Retesting ATHs

Bitcoin price is currently pulling back alongside the broader crypto market following a strong move from $20,000 to $29,000 in a matter of two weeks. The sharp rally has the market speculating that a bottom might be in. If the bottom is indeed in, based on past historical performance, BTCUSD could be back retesting all-time [...]

The post Why Bitcoin Could Be Less Than 120 Days Away From Retesting ATHs appeared first on Crypto Breaking News.

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Deribit's Bitcoin volatility index hits lifetime lows, hinting sideways action

The Bitcoin Implied Volatility Index has fallen to its lowest levels since the crypto options exchange launched the tracker in early 2021.

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Bitcoin Bollinger Bands echo move that ended in 40% January gains

BTC price should put in a “strong” reaction now that Bitcoin Bollinger Bands are at their most compact since the start of 2023.

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Time To Pay Attention: Bitcoin Reaches “Logical” Level

Bitcoin price is experiencing one of its more significant corrections since the trend began to change directions.  According to the creator of the Bollinger Bands, it’s once again “time to pay attention” — this time because BTCUSD has pulled back to a “logical” level.  Bitcoin Begins Pullback To Logical Level Bitcoin reached almost double from [...]

The post Time To Pay Attention: Bitcoin Reaches “Logical” Level appeared first on Crypto Breaking News.

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Bitcoin Monthly Tags Lower Bollinger Band, Tool’s Creator Hints At Bottom

Bitcoin price action on monthly timeframes has made a historic move to the touch the lower Bollinger Band – a popular technical indicator and volatility measuring tool. Although he warns there isn’t yet a sign that a bottom is in, the tool’s creator says where price action tapped is a “logical” level for such a bottom to occur. Unprecedented Bitcoin Price Action Taps Monthly Bollinger Band For First Time In History Expectations for Bitcoin price in 2022 were closer to $100,000 per coin and above. Yet the top cryptocurrency today is trading close to its former 2017 all-time high at $20,000. But unprecedented macro conditions has caused unprecedented price action in Bitcoin and other cryptocurrencies. Never in the past has the top cryptocurrency by market cap retested its former all-time high this way. Related Reading | Bitcoin Weekly RSI Sets Record For Most Oversold In History, What Comes Next? And never did Bitcoin price on monthly timeframes ever reach the lower Bollinger Band. But that’s exactly what happened this past month when crypto market contagion spread and brought asset prices down considerably. BTCUSD monthly touches down on the lower Bollinger Band | Source: BTCUSD on TradingView.com Touching the lower Bollinger Band, however, could be a logical place for a bottom according to the tool’s creator. Time To Pay Attention: John Bollinger Points Out Logical Level For Potential Bottom The Bollinger Bands are a technical analysis tool that can help to measure and predict volatility, or find areas of potential resistance and support. It was created in the 1980s by John Bollinger, who today is a frequent Bitcoin speculator. It relies on a 20-period simple moving average and a dynamic upper and lower band set each at two standard deviations. Mr. Bollinger pointed out the touch of the lower Bollinger Band in a new tweet, where he suggests the area would be a “logical” level to bottom. Bollinger did warn, however, that there still aren’t signs of such bottoming yet. In the past, Bollinger was able to call out the April 2021 peak by spotting a “three pushes to a high” bearish reversal pattern with striking accuracy. The analyst says his tools later confirmed what he says was an “M-type” double top. Picture perfect double (M-type) top in BTCUSD on the monthly chart complete with confirmation by BandWidth and %b leads to a tag of the lower Bollinger Band. No sign of one yet, but this would be a logical place to put in a bottom.https://t.co/KsDyQsCO1F — John Bollinger (@bbands) June 27, 2022 Bollinger also shared in his chart a look at ancillary indicator, B%, which also has set historical lows. Monthly Bollinger Band Width can be used to measure volatility, and still has room to fall compared to past cycles. Related Reading | Is Bitcoin Like Buying Google Early? Check Out The Shocking Comparison Does Bitcoin price have more room to fall also? Or will a bottom form in this “logical” zone as the tool’s creator calls attention to? Either way, it seems to be “time to pay attention.” Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

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Bitcoin Might Explode Soon as Bollinger Bands Continue to Shrink

On-chain analyst Matthew Hyland believes the current consolidation in the Bitcoin market might be the calm before the storm because the Bollinger Bands (BB) have shrunk to levels last seen in October 2020 when the price was at $10,000. (Read More)

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Bitcoin Faces Serious Price Compression What Happened Last Time

Bitcoin has experienced a tiring price action in recent weeks, with the price struggling to set a clear short-term direction. Investors are beginning to feel impatient as BTC remains stuck in a tight range, showing no decisive breakout. The price was testing crucial supply between $98K and $100K when the market was hit by negative news, adding further uncertainty. Related Reading: Ethereum Holds Key Support Analyst Doubts Bears Can Defend $4K Anymore On Friday, the cryptocurrency exchange Bybit suffered a massive hack, with $1.4 billion in ETH stolen. The incident triggered fear among traders, leading to increased volatility across the crypto market. However, Bybit responded quickly, working to reassure investors and prevent further market-wide panic. As Bitcoin remains range-bound, price compression is becoming extreme, indicating that a major move could be coming soon. Top analyst Big Cheds shared an analysis on X, revealing that Bitcoin is facing its tightest daily Bollinger Bands (BBs) since August 2023, when the price was at $29.5K. Historically, such low volatility phases lead to explosive price movements, making BTCs next move critical. Bitcoin Price Action Signals Imminent Breakout Bitcoin has struggled below the $100K mark since late January, with bulls unable to confirm a recovery rally despite multiple attempts. At the same time, bears have failed to push BTC below key demand levels, keeping the price above $90K. This ongoing battle between supply and demand has created an uncertain short-term outlook, leaving the market waiting for a catalyst to determine the next move. The lack of directional clarity has led to Bitcoin consolidating in a tight range, signaling an upcoming breakout. Big Cheds insights on X reveal that Bitcoin now has its tightest daily Bollinger Bands (BBs) since August 2023, when BTC was trading at $29.5K.The last time BTC saw this level of price compression, the market experienced an aggressive price drop before a long accumulation phase that eventually led to a recovery.  With BTC now coiling up for another breakout, traders remain cautious about the direction of the move. If BTC reclaims $100K, an explosive rally into price discovery could follow. However, a breakdown below $94K$90K could trigger deeper corrections, making the next few days critical for the market. Related Reading: Ethereum Could Target $3,000 Once It Breaks Current Supply Levels Analyst If history is any indication, this period of low volatility is unlikely to last much longer. The market is preparing for a major move, and traders are closely watching key resistance and support levels for confirmation. With Bitcoins supply on exchanges at historically low levels and long-term holders showing resilience, a breakout above $100K could spark a new wave of buying pressure. BTC Struggles After Volatile Friday Bitcoin is trading at $96,000 after a highly volatile Friday, where the price spiked to $99,500 before dropping to $94,800 following news of the Bybit hack. This sudden price action unsettled investors, as BTC failed to hold above critical supply levels and experienced a rapid selloff. Now, bulls must defend the $95K level throughout the weekend to prevent further downside. Holding this level would signal strength and allow BTC to push toward the $98K resistance, a key area that needs to be reclaimed for a breakout attempt above $100K. However, losing the $95K mark could trigger a breakdown into lower demand levels, potentially retesting the $94K or even $90K zones. Market sentiment remains divided, as BTC is showing signs of compression, typically leading to an aggressive move in either direction. Related Reading: Solana Sweeps Lows But Recovers Can Bulls Reclaim $185 by Friday? For now, all eyes are on whether Bitcoin can reclaim $98K and sustain momentum, or if bears will push the price into deeper corrections. The weekend could be critical in determining the next major trend, as BTC remains stuck in a tight range between $94K and $100K with increasing volatility. Featured image from Dall-E, chart from TradingView

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Big Bitcoin Move Ahead: Bollinger Bands See Extreme Squeeze

Since the Bitcoin price reached a new yearly high of $31,840 last week, only to invalidate the bullish breakout within a few hours and fall towards $30,000, there has been a strange tranquility in the market. Already since June 23, BTC has been in the trading range between $29,800 and $31,300, with every breakout attempt to the upside and downside having failed within a very short period of time. However, one of the most prominent technical indicators, the Bollinger Bands, predict that this calm may soon be over. Created by the esteemed trader John Bollinger, these bands provide invaluable insights into market volatility and potential price levels. Bollinger Bands Predict Big Move For Bitcoin The Bollinger Bands consist of three distinct lines on a price chart: the middle band, the upper band, and the lower band. The middle band is a simple moving average (SMA) that represents the average price over a specified period. The upper and lower bands are derived from the middle band, with the upper band usually set two standard deviations above the SMA, and the lower band set two standard deviations below it. Related Reading: $18 Billion Worth Of Bitcoin Accumulated At $30,200 – BTC Bull Run Incoming? The primary purpose of the Bollinger Bands is to measure market volatility. When the price of an asset experiences significant fluctuations, the bands widen, indicating increased volatility. Conversely, during periods of reduced price movement, the bands contract, indicating lower volatility. This contraction is commonly referred to as a “squeeze,” where the upper and lower bands come closer together, forming a narrowing price channel. When the Bollinger Bands squeeze, the potential for a significant price movement looms. The squeeze suggests that the market is in a state of temporary equilibrium, akin to a coiled spring ready to release its stored energy. The direction of the breakout determines whether it’s a bullish or bearish signal. Up Or Down? Glassnode, a respected on-chain data provider, highlighted today the current state of the Bitcoin market, noting a remarkably low volatility environment. The 20-day Bollinger Bands are experiencing an extreme squeeze, with a mere 4.2% price range separating the upper and lower bands. This suggests that Bitcoin is currently in a period of limited price movement, “making this the quietest Bitcoin market since the lull in early January.” As Bitcoin investors may remember, the Bollinger Bands squeeze in January marked the end of a lengthy downtrend. After the FTX collapse, the BTC market was in a state of shock paralysis, which was ultimately resolved by Bollinger Bands squeeze, leading to a 42% price increase in 26 days. Related Reading: Perfect Storm: Why Bitcoin & Crypto Are Poised For A Dramatic Recovery The Bollinger Bands’ squeeze, combined with diminishing trading volumes, creates a scenario of mounting pressure in the Bitcoin market. As trading volume declines, the potential energy stored in this coiled spring intensifies. According to the analysts at CryptoCon, the bullish scenario is the one to be favored at the moment. “When Bitcoin volatility gets low in a bear market, it’s very bearish. When volatility gets low in a bull market, it’s insanely bullish,” the analysts say. As Bitcoin is unanimously seen to be at the start of a new bull market, a strong move to the upside could be in store. Featured image from iStock, chart from TradingView.com

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Brace Yourself: The Most Explosive Move In Bitcoin In Years Has Begun

Bitcoin price is current trading at just below $30,000 after spending weeks building up pressure in a tight trading range. The lack of volatility has resulted in a technical signal that says explosive volatility is ahead, and has just begun. Even the tool’s creator has spoken up on the volatility to come. Bollinger Bands Expand [...]

The post Brace Yourself: The Most Explosive Move In Bitcoin In Years Has Begun appeared first on Crypto Breaking News.

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Bollinger Bands Tighten On XRP Daily Chart Major Price Move Ahead?

XRP has faced significant selling pressure over the past several hours, causing the price to dip to new local lows around $2.65. This decline comes after a period of heightened volatility in the broader cryptocurrency market. While the long-term outlook for XRP remains bullish, the recent drop highlights risks that investors need to monitor closely. Related Reading: Solana Active Addresses Surge To 832K Per Hour Outpacing Ethereum Amid TRUMP Meme Coin Hype Top analyst Ali Martinez shared insights on X, pointing to a critical development on XRPs daily chart. He revealed that the Bollinger Bands, a popular technical analysis indicator, were tightening prior to the drop. This “squeezing” pattern is often a precursor to a significant price movement, signaling a shift in market dynamics. As XRP moved below key demand levels, the breakdown has left traders speculating about the next possible move. Some see this as a temporary setback within a larger bullish trend, while others warn that continued selling pressure could lead to further declines. For now, XRP is at a pivotal juncture. Investors and analysts alike are closely watching for signs of stabilization and a potential rebound, which will be critical for maintaining confidence in the token’s long-term trajectory. The coming days will likely reveal whether XRP can regain momentum or continue to face downward pressure. XRP Faces Intense Volatility Amid Speculation  XRP has been at the center of market activity, with massive price swings dominating the past few weeks. The cryptocurrency has faced significant volatility, and analysts predict that the coming days could bring even more aggressive movements. Despite the turbulence, many investors view this as a strategic opportunity, maintaining optimism about XRP’s long-term growth potential. Top crypto analyst Ali Martinez recently shared a key technical insight on X, pointing to tightening Bollinger Bands on XRP’s daily chart. This pattern is often associated with periods of reduced volatility followed by sharp price movements. True to form, the anticipated move materialized, leading to a dramatic price drop of over 15% in just a few hours. This steep decline has raised questions about XRP’s immediate future. While the long-term outlook remains positive for many, the recent drop has sparked concerns that XRP may be entering a deeper consolidation phase. Such phases are often necessary for market recalibration but can test investor patience and resilience. Related Reading: Ethereum Whales Keep Buying As Price Struggles Expert Discloses Massive Accumulation The market’s current mood is mixed, with bullish investors eyeing this period as a potential accumulation phase. Meanwhile, analysts continue to monitor key technical indicators to determine whether XRP is poised for a rebound or further downside. The coming days will be crucial in shaping XRP’s trajectory and whether it can maintain its reputation as a resilient player in the crypto space. Signs of Recovery Amid Recent Volatility XRP is trading at $2.76 following a sharp drop into the $2.65 level during recent market turbulence. Despite the downturn, the price has demonstrated resilience, recovering approximately 5% in the past few hours. This rebound has brought a sense of cautious optimism among investors and traders. For bulls to reclaim momentum and steer XRP back toward bullish territory, holding above the critical $2.80 level is essential. This mark has emerged as a key threshold for maintaining upward pressure and preventing further downside. A strong defense of this level could set the stage for a broader recovery, attracting fresh buying interest and improving market sentiment. Related Reading: Cardano Consolidates In A Symmetrical Triangle Analyst Expects A 40% Move While XRP’s long-term outlook remains constructive, the current market environment is marked by uncertainty and heightened volatility. Traders are closely watching for confirmation of strength above the $2.80 level, which would signal that bulls are regaining control. Failure to hold this mark could result in another test of the recent $2.65 lows, potentially leading to a deeper consolidation phase. Featured image from Dall-E, chart from TradingView

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