Bollinger Bands Squeeze Triggers Bitcoin Breakout to $107K
John Bollinger: Bitcoin BB Squeeze Breakout Targets $107,000
Technical analyst John Bollinger said Bitcoin’s recent move following a “BB Squeeze” has shifted momentum back toward buyers, outlining two key resistance levels that could define the next stage of price action.
In his comments, Bollinger highlighted that the first target is $100,000, while the second is $107,000, framing them as areas bulls should watch now that “the ball appears to be back in their court.”
The BB Squeeze is a Bollinger Bands-based setup often used to identify periods of compressed volatility. When volatility tightens significantly, traders and analysts watch closely for a directional move that follows, as price can accelerate once it breaks out of that narrow range.
Bollinger’s levels serve as a roadmap for where Bitcoin could encounter selling pressure if the current move continues. In practical terms, those targets mark potential zones where the market may pause or face increased resistance, offering a clear reference point for assessing whether the breakout is holding strength.
