Bitcoin’s technical indicators predicted a significant move ahead for BTC, but the price must first break resistance at $80,000. Cointelegraph in your social feed Bitcoin (BTC) could see further upside volatility as several technical indicators suggested the BTC price was due for a “powerful“ upward move. Key takeaways: - Bitcoin’s Bollinger Bands indicator now sees the potential for a massive price breakout.
Bitcoin’s Bollinger Bands indicator now sees the potential for a massive price breakout. - BTC price needs to overcome resistance at $80,000 for more upside. BTC price needs to overcome resistance at $80,000 for more upside.
Bitcoin’s Bollinger Bands have reached their tightest point ever on the monthly time frame, signaling that volatility should be expected soon. Related: Bitcoin 'Bull Score' hits six-month high as 2022 bear-market fears linger Bollinger Bands (BB) is a technical indicator used by traders to assess momentum and volatility within a certain range. The “tightest Bitcoin monthly Bollinger band squeeze, ever,” said analyst Cantonese Cat in an X post on Wednesday.
“This will lead to a very powerful move when it expands,” the analyst added. The BTC/USD pair gained about 230% between December 2023 and August 2025 to its current all-time high of $126,000, after breaking above the upper boundary of the Bollinger Bands. Similar occurrences in 2020 and 2016 triggered the previous bull runs that saw BTC price rally more than 520% and 4,400%, respectively.
Meanwhile, Coinvo Trading shared a chart showing that Bitcoin’s monthly RSI has dropped to its lowest level since late 2022. This coincided with the BTC/USD drop to a multi-year support trend line, an occurrence that has previously marked Bitcoin’s macro bottoms. The last time this happened was at the bottom of the 2022 bear market, preceding a 350% BTC price rally to its previous all-time high of $73,800, reached in March 2024.
“The same exact trendline, the same oversold RSI, the same outcome,” Coinvo Trading said, adding: As Cointelegraph reported, several Bitcoin metrics, including a bullish MACD crossover on the weekly chart, suggest that a BTC price breakout is about to begin. Bitcoin’s 6% rally over the last three days saw the BTC/USD pair fill the $74,000-$77,000 CME gap created over the weekend. Traders are now looking at the next CME gap above $80,000, formed in early February.
MC Capital founder Michael van de Poppe said resistance at $79,000 could temporarily “stall” Bitcoin’s upward momentum Meanwhile, Bitcoin’s whale order book showed “heavy sell pressure” between $78,000-$80,000, reinforcing the significance of this resistance level. As Cointelegraph reported, a close above the $76,000-$78,000 resistance zone would confirm that the buyers are in control, clearing the path for a potential rally to $84,000. This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only.
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