Bitcoin (BTC) broke new records in 2025 and reached its final record level on May 22nd.
After this date, it briefly fell below $100,000 at the end of June, but was generally consolidated above $100,000.
Bitcoin has struggled to beat more than $110,000 a few times, but has failed to reach the new ATH. Despite the failed attempts, expectations for the new ATH continue, with one analyst indicating a bullish breakout saying Bitcoin is experiencing squeezes in the Bollinger band.
On-chain analyst Axel Adler said in his latest analysis on his X account that Bitcoin is narrowing down classic Bollinger bands. Analysts noted that this indicates bullish energy accumulation and bullish breakouts in BTC.
“Right now, Bitcoin is experiencing a typical Bollinger band narrowing down. There is a very high chance of a breakout to the benefits of Bitcoin.”
At this point, the analysts focused on the range between the upper and lower Bollinger bands, noting that the band width was narrowed to 7.7%. According to analysts, this is one of the narrowest levels observed in the current bull cycle. This may be a sign that prices are building upward pressure and the rally is imminent.
“Currently, the range between the upper and lower bollinger bands is 7.7%, the lowest level in this bull market. This indicates that upward pressure is gradually accumulating in the market.
Finally, the analysts who also cited historical data noted that of the six similar pressures during this cycle, four of the cycles led to immediate, sudden recovery, with the other two making short corrections first and then increasing.
Analysts reminded us that the pattern suggests that the current aperture could signal another upward movement, but that short-term integration or corrections are also possible.
*This is not investment advice.
