Bitcoin Bollinger Bands reach critical point ahead of 'upside breakout'

Key takeaways:

• Bitcoin’s Bollinger Bands indicator now sees the potential for BTC price breakout above $110,000. 

• Bitcoin eyes new all-time highs in July due to multiple tailwinds.

Bitcoin ( BTC ) could see further upside volatility as BTC’s price holds key levels, according to a classic technical analysis metric.

Bollinger Bands: BTC price nears breakout

In a Sunday post on X, crypto YouTuber Crypto Rover said that Bitcoin was positioned for an upward breakout based on Bollinger Bands analysis .

Bollinger Bands, a Bitcoin indicator used by traders to assess momentum and volatility within a certain range, had reached its tightest point in 12 months, signaling that a significant price move may be underway or imminent.

Crypto Rover shared a chart showing that  Bitcoin Bollinger Bands were “tighter than they’ve been” since February 2024 across three-day timeframes.

Related: ‘False move’ to $105K? 5 Things to know in Bitcoin this week

Bitcoin surged about 75% between February and March of 2024 to its previous all-time highs of $74,000 , after breaking above the upper boundary of the Bollinger Bands. 

If history repeats, Bitcoin’s current price of $108,900 could quickly turn into a new all-time high of $190,000, according to data from Cointelegraph Markets Pro and TradingView .

In an accompanying comment, Crypto Rover said:

“Big pump incoming!”

He wasn’t the only trader to spot the emerging pattern. 

“Bollinger band tighter than it’s been for over a year,” said crypto analyst Cantonese Cat, adding, “Bigger move coming.”

“The $BTC Bollinger Bands are pretty compressed — currently around yearly lows at a 9.4% price range,” wrote Crypto markets commentator Frank Fetter in an X post.

The $BTC Bollinger Bands are pretty compressed — currently around yearly lows at a 9.4% price range. When vol? pic.twitter.com/H69SWOZD9x

— Frank (@FrankAFetter) June 30, 2025

John Bollinger, the creator of the Bollinger Bands volatility indicator, had previously said that Bitcoin’s multiple rejections from the upper boundary of the indicator around $110,000 could mark a local top.

But the indicator’s creator is now bullish once again. In a Sunday post on X, Bollinger said :

“Bitcoin looks to be setting up for an upside breakout.”

Multiple metrics: Bitcoin “bull trend is intact”

As Cointelegraph continues to report, multiple factors are putting Bitcoin in a good position for more upside despite hitting resistance at $110,000 .

In addition to persistent institutional demand through spot Bitcoin ETFs and treasury companies , BTC’s giant cup-and-handle pattern in higher timeframes projects a breakout to as high as $230,000 .  

Looming US tariff deadlines along with an upcoming “Crypto Week” in Washington D.C. could unlock risk appetite among the bulls . 

Meanwhile, the Bitcoin market value realized value “MVRV” ratio, an onchain metric used to assess whether Bitcoin's price is overvalued or undervalued, is at 2.23, above its 365-day simple moving average (SMA365) at 2.15, per data from CryptoQuant.

“Historically, as long as MVRV stays above its SMA365, the uptrend tends to continue,” explained CryptoQuant analyst Burakkesmeci in a QuickTake analysis , adding: 

“The bull trend is intact.”

As Cointelegraph reported , continued expansion of global money supply (M2) serves as another potential catalyst for Bitcoin to reach $170,000 in the coming months.