Bitcoin (BTC) may see further upward volatility as several technical indicators suggested that the BTC price was about to see a “strong” upward move.
Key takeaways:
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Bitcoin’s Bollinger Bands indicator now sees potential for a massive price breakout.
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To gain more growth, the BTC price needs to overcome the resistance at $80,000.
Bollinger Bands suggest that Bitcoin’s bull run will be next
Bitcoin’s Bollinger Bands have reached their narrowest point ever on the monthly time frame, signaling that volatility is expected soon.
Related: Bitcoin ‘Bull Score’ Hits Six-Month High as Fears of a 2022 Bear Market Continue
Bollinger Bands (BB) are a technical indicator used by traders to assess momentum and volatility within a specific range.
“The strongest-ever tightening of the monthly Bitcoin Bollinger Band” he said Cantonese Cat analyst in post X on Wednesday.
“This will lead to a very powerful move as it develops,” analyst in addition.
The BTC/USD pair gained approximately 230% between December 2023 and August 2025, to its current record high of $126,000, after breaking above the upper limit of the Bollinger Bands.
Similar events in 2020 and 2016 sparked previous BTC price increases of over 520% and 4,400%, respectively.
Meanwhile, Coinvo Trading shared a chart showing that Bitcoin’s monthly RSI has fallen to its lowest level since tardy 2022.
This coincided with BTC/USD falling to a multi-year support trendline, an event that previously marked a macroeconomic bottom for Bitcoin.
The last time this occurred was during the 2022 bear market low, prior to the BTC price rising 350% to its previous record high of $73,800 reached in March 2024.
“Same exact trendline, same oversold RSI, same result,” Coinvo Trading said, adding:
“The running of the bulls is next.”
As Cointelegraph reports, several Bitcoin indicators, including a bullish MACD crossover on the weekly chart, suggest that a BTC price breakout will begin soon.
Bitcoin then needs to recover the $80,000
Bitcoin’s 6% surge over the past three days has seen the BTC/USD pair fill the $74,000-$77,000 CME gap created over the weekend.
Traders are now looking at another CME gap above $80,000, created in early February.
Founder of MC Capital Michael van de Poppe he said resistance at $79,000 may temporarily “stop” Bitcoin’s upward momentum
“We’ll probably test it first, come back for a while, find some additional strength, and then go to $86,000.”
Meanwhile, the Bitcoin whales’ order book showed “strong selling pressure” at $78,000-$80,000, which reinforces the importance of this resistance level.
As Cointelegraph reports, a close above the $76,000-$78,000 resistance zone would confirm that buyers are in control, paving the way for a potential upside to $84,000.
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