The Bitcoin Bollinger Bands are at their narrowest in two years, will BTC soon break through 150,000 USD?

According to the Bollinger Bands indicator, Bitcoin (BTC) seems to be preparing for a significant surge. Currently, this pattern is at its lowest level in nearly two years. This may indicate that this leading crypto asset will experience significant price fluctuations, which traders are closely following. Some market analysts even predict that BTC may soon break through $150,000.

Bollinger Bands Catalyst: Narrowing Volatility Signals Major Market Movement

(Source: Trading View)

Coin Bureau CEO Nic Puckrin emphasized in an article on the X platform that the Bollinger Bands are a key indicator that could trigger a price increase for Bitcoin. Nic released a BTC chart showing that the Bollinger Bands are contracting like a compressed spring. He pointed out that the Bollinger Bands are currently at their narrowest level in nearly two years, and what Bitcoin needs now is a sufficiently strong catalyst to trigger a significant pump.

It is worth noting that the Bollinger Bands are a tool for measuring market volatility. When the Bollinger Bands narrow, it indicates that the market is becoming more predictable. Based on historical trends, this may signal that Bitcoin is approaching a significant turning point.

In July 2023, the Bollinger Bands for Bitcoin significantly narrowed, with prices hovering around $30,000. By the end of December, prices reached $42,000. This is considered one of the most impressive rebounds in history following the narrowing of this technical formation. Currently, the Bollinger Bands are at their narrowest level in nearly two years, and some investors and market analysts have set the next target for BTC at $150,000.

Bitcoin may experience a slight pullback, but hope still exists

(Source: CryptoQuant)

Although it cannot be guaranteed that history will repeat itself, there have been some other positive signals that may affect BTC's short-term performance. Dan, a cryptocurrency analyst at CryptoQuant, pointed out that the cryptocurrency market is entering a "cooling" phase after experiencing a brief surge. This means that the market is transitioning from a strong bullish phase to a stable or possibly slightly declining phase.

The expert stated that the current level of "overheating" in the market has significantly decreased compared to previous peaks. Before the adjustments from March to October 2024 and January to April 2025, the market's overheating level was higher than it is now. Therefore, Crypto Dan predicts that due to the recent mild price increase of Bitcoin, the upcoming adjustments will be softer and shorter in duration. A moderate cooling usually indicates that the market is preparing for a new upward trend. In previous cycles, after a gentle correction, the market typically enters a phase of re-accumulation. This creates an ideal "entry window" for the next wave of a sustainable bull market.

What will Bitcoin face in the third quarter?

As of the writing of this article, the trading price of Bitcoin is $115,342, having dropped 2% in the past 24 hours. BTC trading activity decreased yesterday, but has now rebounded, with trading volume growth of over 6% as evidence. However, it is not just Bitcoin that has fallen. The leading altcoin Ethereum (ETH) has dropped 5% in the past 24 hours, falling to $3,688. These fluctuations indicate that the Crypto Assets market is in a consolidation phase, possibly waiting for new catalysts to regain momentum.

Therefore, the possibility of reaching new highs in the medium term remains very high. Continuous institutional fund inflows into BTC, along with positive regulatory developments, support this outlook. For example, institutions like Strategy and SharpLink Gaming continue to raise funds to purchase Bitcoin and ETH. Meanwhile, U.S. President Donald Trump recently reached an important trade agreement with Japan. Additionally, President Trump is pushing for efforts to resolve the conflict between Ukraine and Russia. Such geopolitical concerns have had an indirect impact on market cycles. Overall, given the aforementioned global developments, the third quarter may mark a critical turning point for Bitcoin prices.

Conclusion

The tightening of the Bitcoin Bollinger Bands suggests that it may be on the verge of a significant pump. Although there may be a mild correction in the short term, market analysts are generally optimistic about its performance in the third quarter, with some even predicting it could break through 150,000 USD.