Creator Say Bitcoin Bollinger Bands Setting Up BTC Price for ‘Upside Breakout’

Takeaways from the conference:

• Bollinger Bands’ Bitcoin indicator sees a potential breakout of BTC above $110,000. 

• Bitcoin is expected to reach new highs due to multiple factors.

BitcoinBTCAccording to an old-fashioned technical analysis, the price of BTC could continue its upward trend as long as it holds at key levels.

Bollinger Bands: BTC price nears breakout

Crypto Rover, a crypto-youtuber from the United States posted on X in a blog post dated July 6. said Bitcoin’s breakout was predicted based upon Bollinger Bands analysis.

Bollinger Bands (a Bitcoin indicator) used by traders for assessing momentum and volatility in a given range has reached the tightest level it’s been at since 12 months. That could signal that an important price change is underway or soon.

Crypto Rover shared a chart showing that  Bitcoin Bollinger Bands are “tighter than they’ve been” Three-day intervals have been available since February 20, 2024.

Related: ‘False move’ to $105K? 5 Things to know in Bitcoin this week

Bitcoin surged 75% in the period between February 2024 and March 2024. previous all-time highs of $74,000After breaking above upper Bollinger Bands. 

According to Data from, if history repeats itself, Bitcoin’s price at $108,900 today could become a new record high of $190,000. Cointelegraph Markets Pro You can also find out more about the following: TradingView.

Crypto Rover commented:

“Big pump incoming!”

The pattern was not spotted by only him. 

“Bollinger band tighter than it’s been for over a year,” said Cantonese Cat crypto analyst, adding “Bigger move coming.”

“The $BTC Bollinger Bands are pretty compressed — currently around yearly lows at a 9.4% price range,” Crypto market commentator Frank Fetter wrote in an X-post.

You can also find out more about the following: $BTC Bollinger Bands are pretty compressed — currently around yearly lows at a 9.4% price range. When vol? pic.twitter.com/H69SWOZD9x

— Frank (@FrankAFetter) June 30, 2025

John Bollinger had created the Bollinger Bands Volatility indicator before. said Bitcoin’s rejection of multiple times the upper limit of the indicator at around $110,000 may mark the local peak.

Bollinger’s indicator creator has now turned bullish. Bollinger posted a message on X dated July 6, which was bullish. said:

“Bitcoin looks to be setting up for an upside breakout.”

Multiple metrics: Bitcoin “bull trend is intact”

Cointelegraph reports that multiple factors have put Bitcoin in an excellent position to see further gains. despite hitting resistance at $110,000.

The institutional market is also persistently high. spot Bitcoin ETFs You can also find out more about the following: treasury companiesBTC’s huge cup-and handle pattern on higher timeframes projects a breakout to as high as $230,000.  

Alooming US tariff deadlines A new upcoming “Crypto Week” Washington D.C. could unlock risk appetite among the bulls. 

Bitcoin’s market value is also reflected in its realized value “MVRV” According to data provided by CryptoQuant, the onchain ratio (a metric that is used for assessing whether Bitcoin is undervalued or overvalued) is now at 2,23. It is higher than its simple moving median of 365 days, which is currently at 2,15.

“Historically, as long as MVRV stays above its SMA365, the uptrend tends to continue,” CryptoQuant’s Burakkesmeci analyst explains in QuickTake analysis, adding: 

“The bull trend is intact.”

Cointelegraph reportedBitcoin may reach $170,000 by the end of this year if M2 continues to grow. 

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.