- Three bullish targets
- Plunging volatility
Legendary technical analyst John Bollinger believes Bitcoin (BTC) could be on the verge of a run to six figures
In a Monday post on X (formerly Twitter), the creator of the widely used Bollinger Bands volatility indicator mentioned a “near perfect base” for the BTC/USD pair
According to Bollinger, the asset is currently undergoing a “Bollinger Band Squeeze”. This is known as a period of low volatility that typically precedes a sudden, sharp move
The leading cryptocurrency is currently showing some signs of a breakout
Three bullish targets
Bollinger outlined clear resistance levels for Bitcoin bulls to watch now that the ball appears to be back in their court
The first target is $100,000, while the second is $107,000. Meanwhile, the third target is unknown, according to Bollinger, which possibly implies that the leading cryptocurrency could challenge a new all-time high.
However, a failure to sustain this momentum and push Bitcoin back into six-figure territory could possibly lead to a deeper correction. “If we fail here, it is back into the trenches,” Bollinger warned.
Plunging volatility
The bottom pane of Bollinger’s chart displays the “BandWidth” indicator, which measures volatility
The line recently dropped to a multi-month low (marked “Squeeze”). This indicates that the market had coiled into an extremely tight range
Extended periods of low volatility are often precursors to high-volatility expansions.
Bitcoin has now pierced the upper Bollinger Band (the red wavy line on the main chart). Simultaneously, the %B indicator in the middle pane, which tracks price relative to the bands, has surged above the 1.0 level (marked “Breakout”). This shows that there is indeed rather strong bullish momentum
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Morgan Stanley Bitcoin ETF Drives 3-Fold Impact as 16,000 Advisors Open Path to Multi-Billion Demand
Bitcoin demand is set to expand rapidly as Morgan Stanley deploys its 16,000 advisors and launches a low-cost ETF, driving institutional inflows and strengthening crypto’s position in mainstream portfolios.
Key Takeaways:
Morgan Stanley’s 16,000 advisors unlock major bitcoin demand, driving
Coinpedia4h ago
DWF Labs Co-Founder: The current market is boring, but it hasn’t disappeared—builders or investors still have a lot to do.
DWF Labs co-founder Andrei Grachev said the market is currently in a “boring” phase, with many important activities quietly underway. He advised investors to stay patient and look for a better timing. He emphasized that opportunities still exist in the market—such as holding Bitcoin or participating in altcoins—and urged retail investors to keep learning and remain optimistic.
GateNews4h ago
Researchers propose a transaction scheme for quantum-resistant Bitcoin without needing a fork
Gate News message, on April 12, a researcher proposed a transaction scheme that enables quantum-resilient protection for Bitcoin without requiring a fork. At present, the quantum computing threat to Bitcoin is still at the theoretical level. Meanwhile, tech companies such as Google and Cloudflare have already begun preparing countermeasures and set a target timeline to complete the migration of quantum cryptography after 2029.
GateNews5h ago
Contract whale “sets 10 big targets first” — the short position is up $3.21 million; the BTC short opening price is $71,554.61.
Gate News message, April 12, according to on-chain analyst Ai Yi (@ai_9684xtpa) statistics, the short positions of the contract whale “first set 10 big targets” (@Jason60704294) are currently up $3.21 million. Of this, the BTC short positions are 2,567.49 BTC, with an opening price of $71,554.61, and an unrealized profit of $1.19M; the ETH short positions are 38,465.22 ETH, with an opening price of $2,248.74, and an unrealized profit of $2.03M.
GateNews5h ago
$789 Million Fresh Capital: Bitcoin ETFs See Highest Weekly Inflow Since February - U.Today
Bitcoin ETFs saw a significant resurgence with $789 million in weekly inflows, the highest since February. BlackRock led the charge, contributing 80% of this total, signaling renewed institutional interest in the market after a period of withdrawals.
UToday5h ago
