Bitcoin consolidates between $117K–$119.7K as Bollinger Bands squeeze signals incoming volatility.
Derivatives volume surges over 30% while open interest reaches $88.56B, showing rising trader activity.
Strong BTC ETF inflows and whale accumulation support a bullish setup ahead of the 2025 halving.
Bitcoin is entering a phase of reduced volatility on the 4-hour chart, with Bollinger Bands tightening significantly. At the time of writing, BTC was trading at $116,111, just below the critical $117,000–$119,700 range. Analysts are monitoring this setup closely, as a confirmed close outside this zone could initiate the next major price move.
Bollinger Bands Narrow as Traders Watch $117K–$119.7K Range
The Bollinger Bands on Bitcoin’s 4-hour chart are showing a classic squeeze, according to analysis prepared by Ali Charts. This contraction pattern is often a signal that a sharp price move is near. Historically, similar squeezes have preceded periods of high volatility and strong directional shifts.
https://twitter.com/ali_charts/status/1948391771211247700
Bitcoin is currently consolidating between $117,000 and $119,700. The narrowing bands reflect low current volatility, but also set the stage for a breakout or breakdown. Analysts often treat a close outside the band range as confirmation of the next trend.
Price closing above $119,700 or below $117,000 would likely define the near-term direction. Volume remains low, but this condition may shift quickly if volatility returns. A breakout supported by rising volume would provide added conviction for directional traders.
Derivatives Market and Institutional Inflows Strengthen Bullish Case
Bitcoin’s derivatives data reflects growing market interest. According to Coinglass, open interest rose 6.48% to $88.56 billion, while 24-hour volume increased over 30%. The options market saw a 41.63% jump in volume, although open interest declined 21.40%, indicating short-term repositioning.
Meanwhile, ETF demand continues to build. According to Coinvo, BTC ETF inflows remain strong despite recent all-time highs. This rising institutional interest aligns with a broader accumulation trend, as large wallets continue to expand holdings.
With the next halving approaching in 2025, and macro support from reduced selling pressure, analysts are watching closely. A confirmed breakout from the current Bollinger Band squeeze could mark the beginning of Bitcoin’s next major move.
The post Bitcoin’s Bollinger Bands Squeeze Nears Breaking Point, Here’s the $117K–$119.7K Range Analysts Are Watching appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
