April 3, 2025
Bitcoin (BTC) Breakout? Bollinger Bands Hint at Big Upside
 #CriptoNews

Bitcoin (BTC) Breakout? Bollinger Bands Hint at Big Upside #CriptoNews

Financial Insights That Matter

Since the beginning of the week, the price of Bitcoin added over 2.3%, but what is more important is that it made it back above $88,000 per BTC. The move came suddenly and unexpectedly for most crypto market participants.

The price action of the leading cryptocurrency was very uncertain in recent weeks, and not many opted to go long when the price was dwindling on the edge of a big collapse to all-time highs of 2021. Macroeconomic instability and political turbulence added to overall fear and doubt.

Related

Bitcoin (BTC) Price Prediction for March 25

However, as of March 25, Bitcoin is soaring, and several indicators signal that this move might not be the final one and that the destination is higher. One of the most widely used and battle-tested indicators of the financial market, the Bollinger Bands, in particular, signals that Bitcoin may soon hit a $94,700 price point.

Article image
Source: Tradingview

This is where, right now, the middle band is represented by a 20-day moving average on the weekly time frame. In recent weeks, Bitcoin found a solid base at the lower band of the range formed by the indicator, and in the last 15 days, it showed a solid 14.88% rebound from it.

Higher

Now, here’s is where things get even more interesting; if the tendency continues, BTC may soar another 7.8% to test buyers and sellers at the middle band. What comes next depends only on who wins the tug-of-war.

The upper band on the weekly time frame is stretched at $107,180 per BTC right now, very close to the relevant all-time high of the leading cryptocurrency.

Related

Strategy Copycat Expands Its Bitcoin Holdings

Still, the real question is if Bitcoin (BTC) has the strength to push through the resistance ahead, or are we in for yet another rejection?

History has shown that major moves often follow a long period of uncertainty, and if that pattern continues, we might be looking at something much bigger brewing beneath the surface. Right now, however, everyone is keeping their eyes on the lower part of the range formed by the Bollinger Bands.

#1a73e8;">Boost Your Financial Knowledge and Achieve Stability

Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.

#1a73e8;">Top Financial Tips for Saving and Investing

  • Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
  • Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
  • Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.

Leave a Reply

Your email address will not be published. Required fields are marked *