Bollinger Band Signal Hints At Bitcoin Price Rally

The Bitcoin price action has once again caught the attention of the broader crypto market, as it flashes major bullish signals that have, without fail, led to significant rallies

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The Bitcoin price action has once again caught the attention of the broader crypto market, as it flashes major bullish signals that have, without fail, led to significant rallies throughout this cycle. Building on this technical signal, a crypto analyst has forecasted that Bitcoin could mirror historical trends and potentially surge to a new all-time high.

Bollinger Band Signal Hints At Bitcoin Price Rally

A closer look at Bitcoin’s weekly chart presented by Bitcoinsensus on X (formerly Twitter) reveals a critical pattern that has only appeared four times since 2022. Each occurrence has marked the beginning of a strong upward movement in Bitcoin’s price, making this a highly bullish setup.

This setup usually occurs when Bitcoin touches the lower Bollinger Band on the weekly chart and bounces upward, confirming a support level that acted as a springboard for sustained bullish momentum.

This specific signal has emerged five times during this cycle. Each of the past four instances, highlighted by white circles on the chart, were followed by significant price rallies.

For instance, in early 2023, Bitcoin bounced back from below $2,000 to over $30,000 following the appearance of this Bollinger Bands signal. Similarly, in mid-2023, this setup triggered a surge that pushed Bitcoin above $45,000. Later that year, the same signal preceded a breakout, with BTC soaring past $60,000. Most recently, in early 2024, the Bollinger Bands signaled a parabolic run above $100,000.

Now, in Q2 of 2025, Bitcoin is once again flashing this historically reliable indicator. Its price found strong support near the $77,500 level, with resistance levels set above $106,000. As the Bollinger Bands align, Bitcoinsensus predicts a potential rally toward $130,000 – $160,000. This would mark a historical all-time high for Bitcoin, representing a maximum increase of over 46.7% from its current ATH above $109,000.

BTC Poised For Breakout As Price Nears $100,000 Again

The Bitcoin price is once again approaching the $100,000 mark after its latest 4.75% surge this past week. Amidst its price recovery, crypto analyst Trader Tardigrade predicts that Bitcoin will soon break out of bearish resistance to reach new highs.

The analyst shared a BTC chart analysis highlighting a recurring breakout pattern that has historically preceded large upward moves after a breakout from a descending resistance trendline. This pattern has emerged three times in the past: first from late 2022 to early 2023, then from mid-2023 to early 2024, and finally from late 2024 to early 2025.

In the current setup, Bitcoin is again testing the descending trendline resistance and appears to be breaking out from it. If history is any indication, the analyst projects a potential target zone between $100,000 – $136,000, marking a new ATH.