The daily Bollinger Bands are widening, signaling a potential rise in volatility and strengthening trend momentum. Price currently sits well above the middle band at $84,121, while the lower band is positioned at $75,968. Historically, when Bollinger Bands expand and price breaks above the upper band, it often marks the start of sustained upward movements. With momentum gaining, the current market structure indicates that bulls may be gearing up to challenge higher resistance levels.
