{"id":630612,"date":"2024-07-19T17:30:01","date_gmt":"2024-07-19T17:30:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=630612"},"modified":"2024-07-19T15:13:55","modified_gmt":"2024-07-19T15:13:55","slug":"bitcoin-bollinger-bands-squeezing-is-btc-ready-for-140000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-bollinger-bands-squeezing-is-btc-ready-for-140000\/","title":{"rendered":"Bitcoin Bollinger Bands Squeezing: Is BTC Ready For $140,000?"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Bitcoin is in an uptrend, but events in the daily chart show pockets of weakness. Though BTC is stagnant, analysts are upbeat, expecting prices to rise in the days to come.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Is Bitcoin Ready To Rip Higher: Analyst Says Bulls Are Eyeing $140,000<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Taking to X, one analyst has<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/BittelJulien\/status\/45496825\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\"> picked out<\/span><\/a><span data-preserver-spaces=\"true\"> an unusual development: In the weekly chart, the Bitcoin Bollinger Bands (BB) is currently at their tightest level in history. Besides April 2016 and July 2023 events, the Bitcoin BB is tightening, forming a squeeze.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/solana\/solana-price-1400-massive-bull-flag\/\" target=\"_blank\" rel=\"noopener \">Solana Price Could Eclipse $1,400 As Massive Bull Flag Emerges<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Since BB is a technical indicator used to gauge underlying volatility, what&#8217;s happening <\/span><span data-preserver-spaces=\"true\">now<\/span><span data-preserver-spaces=\"true\"> should draw traders&#8217; attention. Specifically, prices tend to explode within the next few sessions whenever BB forms a squeeze, compressing to what is now.<\/span><\/p>\n<figure id=\"attachment_630617\" aria-describedby=\"caption-attachment-630617\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-630617\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GS1EqkSW0AATxjV.jpg?resize=1024%2C577\" alt=\"Bitcoin Bollinger Band squeeze | Source: @BittelJulien via X\" width=\"1024\" height=\"577\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GS1EqkSW0AATxjV.jpg?w=1924 1924w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GS1EqkSW0AATxjV.jpg?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GS1EqkSW0AATxjV.jpg?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GS1EqkSW0AATxjV.jpg?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GS1EqkSW0AATxjV.jpg?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GS1EqkSW0AATxjV.jpg?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GS1EqkSW0AATxjV.jpg?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-630617\" class=\"wp-caption-text\">Bitcoin Bollinger Band squeeze | Source: @BittelJulien via X<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">However, traders should also know that the direction of breakout can be in either direction. In the past, Bitcoin prices rose higher. To illustrate, after the BB squeeze in July, the coin went on to fly in the coming months, breaking $70,000 by March before the coin rose to $73,800. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If the past guides, and indeed, prices explode at the end of this squeeze, the analyst predicts Bitcoin flying to $140,000 and even $190,000 in the next few months. <\/span><\/p>\n<figure style=\"width: 1233px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.tradingview.com\/x\/7Deha62w\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/7Deha62w\/\" alt=\"Bitcoin price trending upward on the daily chart | Source: BTCUSDT on Binance, TradingView\" width=\"1233\" height=\"592\"><\/a><figcaption class=\"wp-caption-text\">Bitcoin price trending upward on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/7Deha62w\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">The expansion would be a welcomed boost for bulls, considering that prices are now in what the analyst described as a &#8220;boring zone.&#8221; <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Any uptick above $73,800 and all-time highs, pushing BTC to six-digit levels, would automatically be in the &#8220;banana zone.&#8221; <\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Spot BTC ETF Issuers On A Buying Spree, Donald Trump&#8217;s Endorsement<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The confidence that Bitcoin will rip higher is also due to fundamental factors. Despite the current price lull<\/span><span data-preserver-spaces=\"true\">\u00a0after the refreshing surge earlier this week, <a href=\"https:\/\/uniquehot.com\/press-releases\/spot-bitcoin-etfs-finally-stop-bleeding-is-a-bullish-reversal-coming\/\" target=\"_blank\" rel=\"noopener \">spot Bitcoin ETF<\/a> issuers are buying. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">BlackRock is spearheading this buying spree. Records show that the asset manager bought over $1 billion of BTC in July. <\/span><\/p>\n<figure id=\"attachment_630614\" aria-describedby=\"caption-attachment-630614\" style=\"width: 982px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-630614\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GSzsfHHacAACvHy.jpg?resize=982%2C715\" alt=\"BlackRock buying BTC rapidly | Source: @thomas_fahrer via X\" width=\"982\" height=\"715\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GSzsfHHacAACvHy.jpg?w=982 982w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GSzsfHHacAACvHy.jpg?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GSzsfHHacAACvHy.jpg?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GSzsfHHacAACvHy.jpg?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GSzsfHHacAACvHy.jpg?w=120 120w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GSzsfHHacAACvHy.jpg?w=750 750w\" sizes=\"(max-width: 982px) 100vw, 982px\"><figcaption id=\"caption-attachment-630614\" class=\"wp-caption-text\">BlackRock buying BTC rapidly | Source: @thomas_fahrer via X<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">On July 18, one observer <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/thomas_fahrer\/status\/36796109\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">noted<\/span><\/a><span data-preserver-spaces=\"true\"> that they bought 18,600 BTC, or $107 million worth of the coin, on behalf of their clients. According to <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">SosoValue<\/span><\/a><span data-preserver-spaces=\"true\">, as of July 19, BlackRock&#8217;s IBIT manages over $20 billion worth of BTC. <\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/mass-exodus-over-672000-bitcoin-holders-drop-out-amid-market-shifts\/\" target=\"_blank\" rel=\"noopener \">Mass Exodus? Over 672,000 Bitcoin Holders Drop Out Amid Market Shifts<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Moreover, adding fuel to the fire, it is speculated that if Donald Trump wins the United States presidency, his administration might consider BTC a strategic reserve. While this possibility is debatable for now, it highlights the growing interest from policymakers, which is a massive boost for crypto. <\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from DALLE, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is in an uptrend, but events in the daily chart show pockets of weakness. Though BTC is stagnant, analysts are upbeat, expecting prices to rise in the days to come. Is Bitcoin Ready To Rip Higher: Analyst Says Bulls Are Eyeing $140,000 Taking to X, one analyst has picked out an unusual development: In the weekly chart, the Bitcoin Bollinger Bands (BB) is currently at their tightest level in history. Besides April 2016 and July 2023 events, the Bitcoin BB is tightening, forming a squeeze. Related Reading: Solana Price Could Eclipse $1,400 As Massive Bull Flag Emerges Since BB is a technical indicator used to gauge underlying volatility, what&#8217;s happening now should draw traders&#8217; attention. Specifically, prices tend to explode within the next few sessions whenever BB forms a squeeze, compressing to what is now. However, traders should also know that the direction of breakout can be in either direction. In the past, Bitcoin prices rose higher. To illustrate, after the BB squeeze in July, the coin went on to fly in the coming months, breaking $70,000 by March before the coin rose to $73,800. If the past guides, and indeed, prices explode at the end of this squeeze, the analyst predicts Bitcoin flying to $140,000 and even $190,000 in the next few months. &nbsp; The expansion would be a welcomed boost for bulls, considering that prices are now in what the analyst described as a &#8220;boring zone.&#8221; Any uptick above $73,800 and all-time highs, pushing BTC to six-digit levels, would automatically be in the &#8220;banana zone.&#8221; Spot BTC ETF Issuers On A Buying Spree, Donald Trump&#8217;s Endorsement The confidence that Bitcoin will rip higher is also due to fundamental factors. Despite the current price lull\u00a0after the refreshing surge earlier this week, spot Bitcoin ETF issuers are buying. BlackRock is spearheading this buying spree. Records show that the asset manager bought over $1 billion of BTC in July. On July 18, one observer noted that they bought 18,600 BTC, or $107 million worth of the coin, on behalf of their clients. According to SosoValue, as of July 19, BlackRock&#8217;s IBIT manages over $20 billion worth of BTC. Related Reading: Mass Exodus? Over 672,000 Bitcoin Holders Drop Out Amid Market Shifts Moreover, adding fuel to the fire, it is speculated that if Donald Trump wins the United States presidency, his administration might consider BTC a strategic reserve. While this possibility is debatable for now, it highlights the growing interest from policymakers, which is a massive boost for crypto. Feature image from DALLE, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":630139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,92786,1119,78790,8480,89583],"class_list":["post-630612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-bollinger-bands","tag-btc","tag-btcusdt","tag-donald-trump","tag-spot-bitcoin-etfs"],"acf":[],"yoast_head":"\n<title>Bitcoin Bollinger Bands Squeezing: Is BTC Ready For $140,000?<\/title>\n<meta name=\"description\" content=\"Bitcoin is steady and the Bollinger Bands in the weekly chart is squeeze. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. 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The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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