Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin’s Weekly Bollinger Bands Hit Record Tightness, Where to Next For BTC?

Bitcoin’s Weekly Bollinger Bands Hit Record Tightness, Where to Next For BTC?

CryptoNewsNetCryptoNewsNet2025/10/09 02:39
By:cryptopotato.com

“Bitcoin’s weekly Bollinger Bands recently hit record tightness,” reported chartered market technician Tony Severino on Wednesday.

For now, the cryptocurrency has failed to break out above the upper band with strength, despite reaching an all-time high of $126,000 earlier this week.

According to past local consolidation ranges, “it could take as long as a hundred days to get a valid breakout (or breakdown, if BTC dumps instead),” he said.

Bollinger Bands are a technical analysis tool used to measure market volatility and identify potential overbought or oversold conditions in assets.

Potential to Go Parabolic

The analyst added that expanding from a squeeze setup like this can lead to “head fakes,” which we might have seen with the latest move.

“We also might see another head fake down from here before eventually taking off higher,” he said before adding:

“This has the potential to send Bitcoin parabolic, or put an end to the three-year mature bull rally.”

Chief strategist at Satsuma Technology, Mark Moss, said that Bitcoin breaking out to new peaks still doesn’t look anywhere near cycle peaks, “while external fundamentals are looking hot.”

You may also like:

  • BTC Price Prediction: Analyst Eyes $400K Peak, Here’s When
  • Bitcoin Boom Imminent? Institutional and Derivatives Data Hint at Hidden Bullish Momentum
  • Bitcoin (BTC) Taps a New ATH Above $126K, These Alts Head South: Market Watch

“Unlike 2021, the Fed is not tightening; they are loosening, ETFs and BTC [treasury companies] are creating the greatest demand shock, and the world has woken up to the ‘debasement trade’.”

Uptober Still On Track

Despite today’s 2.5% pullback to the $121,000 level, Bitcoin’s ‘Uptober’ is still on track with the asset up 7% so far this month. BTC has gained in 10 of the past 12 Octobers and 8 of the past 12 fourth quarters, according to Coinglass.

Meanwhile, analyst ‘Sykodelic’ is one of many who claim that the four-year cycle is no more. “The clear fact here is that Bitcoin has a fairly large area in which to expand before it would recent the end of its price cycle,” he said on Wednesday.

“I would not be surprised if Bitcoin will NOT drop below $100k again, as we see $100k resistance turn into $100k support,” said Stock-to-Flow model creator ‘Plan B’.

The September close was the fifth month in a row in six figures, and the same happened with $10, $100, $1,000, and $10,000, he added.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BNB Chain Secures $50M Investment from YZi, Announces Partnership with BPN

Collaboration Aims to Develop Multi-Stablecoin Liquidity-Powered Global Settlement Layer

Coineagle2025/10/22 05:21
BNB Chain Secures $50M Investment from YZi, Announces Partnership with BPN

NEAR Community Decides to Slash Inflation and Reduce Emissions by Half

Near Protocol Validators Require 80% Approval for Proposed Annual Inflation Reduction, with Decision Expected by October 2025

Coineagle2025/10/22 05:21
NEAR Community Decides to Slash Inflation and Reduce Emissions by Half

Mars Morning News | Bitcoin falls below $109,000, Ethereum loses $3,900 support, market remains in "hell difficulty" mode

The overall crypto market is experiencing a decline, with significant price drops in bitcoin and ethereum. Altcoins are leading the downward trend, and the total liquidation amount across the network is substantial. Large investors are adjusting their positions to cope with the volatility. Summary generated by Mars AI This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/10/22 04:30
Mars Morning News | Bitcoin falls below $109,000, Ethereum loses $3,900 support, market remains in "hell difficulty" mode

If You Can't Beat Them, Join Them? "US Sports Betting Giant" Draftking Acquires Licensed Exchange, Joins the "Prediction Market" Battle

DraftKings has acquired the CFTC-licensed Railbird exchange, entering the prediction market sector to counter competitive threats, resulting in an 8.3% increase in its stock price. This move expands its business into states where traditional gambling is prohibited, but also faces regulatory challenges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit2025/10/22 04:29
If You Can't Beat Them, Join Them? "US Sports Betting Giant" Draftking Acquires Licensed Exchange, Joins the "Prediction Market" Battle