Bitcoin Breakout Signals in the Eyes of Technical Traders

Senior Technical Analyst John Bollinger recently shared his views on the future of Bitcoin on social media. According to the founder of the Bollinger Bands indicator, the BTC/USD trading pair is currently brewing a bullish trend.

Bottom Pattern and Technical Resonance

Bollinger pointed out in his analysis that Bitcoin exhibits an “almost perfect bottom structure.” This judgment is not unfounded — he combined multiple signals from the Bollinger Bands indicator. Currently, the asset price has broken above the upper band, and the %B indicator has surged above 1.0, all indicating that bullish momentum is gathering.

According to the latest data, Bitcoin is currently trading around $90.53K, with room to rise toward the next key resistance level.

Three Clear Resistance Levels Await Verification

This experienced trader explicitly highlighted three price targets that bulls should focus on. The first resistance level is set at $100,000 — a psychological milestone. After breaking through, the second target points to the $107,000 range. As for the third target, Bollinger indicated that the figure is still uncertain, implying that Bitcoin may challenge higher all-time highs.

However, Bollinger also issued a risk warning: if Bitcoin fails to maintain this upward momentum, the market could face a deeper correction. In his words, “If this fails, then we have to go back to the trenches.”

Volatility Contraction and Breakout Signs

A key detail in Bollinger charts is the performance of the BandWidth indicator. This indicator measures market volatility levels and has recently fallen to a multi-month low. This narrow volatility range is called a “Squeeze” — often a precursor to significant market moves.

Markets that have been in low volatility for an extended period tend to experience sharp price movements after a trigger point. Bollinger’s analytical framework precisely captures this critical moment, and Bitcoin has already begun breaking out of this suppressed phase, with various technical signals pointing upward.