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The Bitcoin price actionhas once again caught the attention of the broader crypto market, as it flashes major bullish signalsthat 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 presentedby 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. Related Reading Elliot Wave Theory Shows Where Bitcoin Is In This Cycle – Bull Rally Over? 2 days ago
The signal in question is the Bollinger Bands, which is known to identify potential reversal zones. The analysis shows that Bitcoin has recently touched the lower Bollinger Band on the weekly chart and bounced upward, confirming a support level that historically acted as a springboard to sustained bullish momentum.
This marks the fifth time this specific signal has occurred during this cycle. Each of the past four signals, highlighted by the white circles on the chart, was followed by strong price rallies. Source: Bitcoinsensus on X
Notably, in early 2023, Bitcoin rallied from below $2,000 to over $30,000 following the appearance of this Bollinger Band signal. A similar pattern played out in mid-2023 when 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 Band signal sparked 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 markafter its latest 4.75% surge this past week. Amidst its price recovery, crypto analyst Trader Tardigrade predictsthat Bitcoin will soon break out of bearish resistance to reach new highs. Related Reading Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key 1 week ago
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 once 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. BTC trading at $99,634 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com