I noticed that Bitcoin has broken through the upper band of the Bollinger Bands. This is the second time since mid-January, and there’s an interesting story behind it. John Bollinger, the founder of the Bollinger Bands himself, took a position in this asset by saying that his indicator is giving a positive signal on Bitcoin. One of the investment fund’s proprietary models also issued the same signal.



Looking at the technicals, this breakout happened after a very tight period of volatility. The narrower the gap between the Bollinger Bands, the larger the move expected afterward. BTC is currently trading around 80.92K, and the upper band is at 81.5K. Over the past 30 days, it’s up about 11%, but it is still 36% below the 126K peak in October 2025.

Now the question is: Will Bitcoin be able to hold above this upper band, or will it drop back down? If it holds, it could mark the start of a strong uptrend. But if it gets rejected, the price may move back into a choppy range again. As the weekend approaches, it’s important to keep a close watch on this point.
BTC0.56%
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