Bitcoin continues to show strong fluctuations in the market, reaching a record in 2025 and currently consolidating above the $100,000 mark.
Overview of Current Bitcoin Situation
Following the record reached on May 22 this year, Bitcoin's price briefly fell below $100,000; however, it has generally consolidated above this mark. Despite several failed attempts to break above $110,000, the market remains hopeful for achieving a new all-time high (ATH).
Bollinger Bands Analysis by Axel Adler
On-chain analyst Axel Adler, in his latest analysis on the X platform, pointed out that Bitcoin is experiencing a classic Bollinger Bands squeeze. According to him, this indicates an accumulation of bullish energy within BTC and a potential bullish breakout.
> "Bitcoin is currently experiencing a typical Bollinger Bands squeeze. The possibility of a breakout to the upside for Bitcoin is very high."
Historical Data and Possible Scenarios
The analyst focused on the range between the upper and lower Bollinger Bands, noting that the band width has narrowed to 7.7%. This is one of the narrowest levels observed in the current bull cycle. According to him, this may signal the accumulation of upward pressure and that a rally is imminent.
> "Currently, the range between the upper and lower Bollinger Bands is 7.7%, the lowest level in this bull market. This signals that upward pressure is gradually accumulating in the market, which could soon lead to strong price volatility."
The analyst also noted that four out of the six similar squeezes during this cycle led to immediate sharp recoveries, while the remaining two first led to brief corrections and then to an increase.
Thus, the current Bollinger Bands squeeze may be a precursor to a new rise in Bitcoin, although short-term consolidations are also possible.
