Bitcoin (BTC) briefly smashed a new all-time high this week, climbing past 💰 $126,000, before sharply pulling back to around $121,000 later in the week.

As traders brace for what many call the “Uptober” rally 📈, one crypto analyst believes Bitcoin is standing at a major crossroads.

🔍 According to market expert Tony Severino, who analyzed Bitcoin’s Bollinger Bands, the next major move for BTC will depend heavily on this key volatility indicator.

Severino explained that the Bollinger Bands are currently tighter than ever, signaling that a massive breakout could be coming within the next 100 days. ⏳

This move could either send Bitcoin into a parabolic bull run 🚀 or trigger a sharp correction 📉 that ends the current market cycle.

⚠️ The analyst warned that this extreme tightening usually leads to a huge breakout — either up or down — but it doesn’t happen overnight. “It may take more than three months before we see a clear direction,” he noted.

Right now, BTC/USD hasn’t been able to decisively break above the upper Bollinger Band, leaving the market in a wait-and-see mode.

📊 “Bitcoin’s weekly Bollinger Bands just hit their tightest range ever,” Severino said. “If history repeats itself, it could take over 100 days for a real breakout or breakdown to confirm.”

Finally, he cautioned that traders should watch out for false breakouts — quick fake moves before the true trend takes hold:

💬 “When the market expands after such extreme compression, we often see fake pumps or dumps. The move to $126,000 might’ve been one of those — and there could be another before the real breakout begins.” #BTC #bitcoin

$BTC