Bitcoin traders have been watching the market closely ever since. John BollingerThe founder of Bollinger Bands revealed that his trading model is bullish on BTC. The signal comes as BTC breaks above the key Bollinger Band setting that historically appears before major rallies, sparking fresh speculation that the market may be preparing for a long-awaited move towards the $100,000 level.
Bollinger Band Creator has been bullish on Bitcoin.
Bitcoin is probably Entering a new bullish phase After Bollinger exposed X spread the news on social media that his trading model has changed positively in BTC. The veteran market analyst said the Tactica program, a systematic trading and investment strategy, is now fully invested in BTC following the latest signals, which has quickly caught the attention of cryptocurrency traders.
The update came after Bitcoin. break through The key Bollinger Bands setup for May 7 has been closely watched by many analysts for several months. Recent market activity has shown Bitcoin breaking above the upper Bollinger Band. long-term, imminent price fluctuations. This is the first time Bitcoin has recorded two consecutive daily closes above the upper Bollinger Band since January.
This setup occurred ahead of BTC’s biggest rallies historically. A similar situation occurred before the strong rally in 2017 and 2021, which led many traders to believe that another big move could now be forming.
Bollinger’s comments also sparked discussion about market timing. One community member, Temporos, said: assert Their own model turned positive on April 7 and suggested traders could move late if they wait for confirmation. Bollinger responded Traders who wait for confirmation often become wealthier, highlighting the importance of risk control over early entry.
Bollinger’s new signal is important for the following reasons: bollinger bands It is widely used to track trend strength and volatility. When Bitcoin begins trading near its upper band for multiple sessions, it is usually a sign of increasing momentum instead of a market exhaustion. Additionally, BTC now maintains a stronger position than the key. Resistance level around $80,000Speculation is growing again about a possible move towards $100,000.
Analysts predict Bitcoin will soar to $100,000 this year.
In a separate analysis, analysts who remain strongly bullish on Bitcoin shared new insights supporting the following: BTC’s potential goes back to $100,000.. On X, Market Analyst Crypto Michael shared This is a chart showing a multi-year upward trend line pointing towards the $85,000 area.
The analyst believes that once Bitcoin breaks this line, there will be no more corrections left for the cryptocurrency. He plans to bring his strong vertical accumulation back to the $100,000 level. Once that happens, Bitcoin short selling gets flushed FOMO will return to the markets at extreme levels.
Crypto analyst Ted Pillows shares a similar outlook. stated At X, large traders are currently betting on three targets for Bitcoin through the third quarter of 2026. The first and most bullish of the three is a retracement towards $100,000, with $287 million bullish bets stacked on that level. The second is a drop to $60,000, where the bearish bet amounts to $266 million. Finally, the third is an even bigger plunge to $50,000, resulting in a down bet of $252,000,000.
Featured image from Getty Images, chart from Tradingview.com
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