John Bollinger: Bitcoin BB Squeeze Breakout Targets $107,000

Bitcoin’s daily chart is flashing what John Bollin

John Bollinger: Bitcoin BB Squeeze Breakout Targets 7,000

John Bollinger: Bitcoin BB Squeeze Breakout Targets $107,000

Bitcoin’s daily chart is flashing what John Bollinger calls “a little classic technical analysis”: a well-formed base followed by a Bollinger Band Squeeze and an upside breakout that puts $100,000 and roughly $107,000 in view, so long as price can hold the move and avoid slipping back into the prior range.

BTCUSD daily chart | Source: X @bbands
XRPUSD daily chart | Source: X @bbands
Bitcoin remains between the 0.618 and 0.786 Fib, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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