#DayTradingStrategy The Bitcoin Bollinger Bands reach a critical point before rising to "new all-time highs".

A widely used technical analysis indicator for Bitcoin suggests that BTC is about to reach new all-time highs.

🔸Key points:

🔸The Bitcoin Bollinger Bands indicator now sees the potential for BTC price to exceed 110,000 dollars.

🔸Bitcoin is aiming for new all-time highs in July due to multiple favorable factors.

Bitcoin BTC 92,332 € could experience increased upward volatility, as the BTC price remains at key levels, according to a classic technical analysis metric.

Bollinger Bands: BTC price approaches a breakout

In a post on Sunday on X, YouTuber Crypto Rover said that Bitcoin was positioned for an upward breakout according to the analysis of the Bollinger Bands.

The Bollinger Bands, an indicator used by traders to assess momentum and volatility within a given range, had reached their narrowest point in 12 months, indicating that a significant price movement may be underway or imminent.

Crypto Rover shared a chart showing that Bitcoin's Bollinger Bands were "tighter than ever" since February 2024 in three-day time frames.