According to Cointelegraph, multiple technical indicators suggest that Bitcoin's price may be brewing a new round of significant volatility. Currently, the monthly Bollinger Bands have narrowed to the tightest range in history, and analysts believe that once the range expands, it could trigger a "strong upward trend." Similar situations have occurred before the bull markets of 2016 and 2020.

At the same time, market observations show that Bitcoin's monthly relative strength index has fallen back to lows since the 2022 bear market and has again touched the long-term support trend line. Such combined signals have previously corresponded to cycle bottoms, followed by substantial rebounds.

However, in the short term, resistance above remains crucial. Analysts point out that BTC needs to effectively break through the $78k to $80k range to confirm the continuation of the upward trend. Order book data shows significant selling pressure in this range. If successfully broken, the price could further rise to the $84k to $86k range.