Bitcoin’s Bollinger Bands Stage Tightest Squeeze on Record, Signaling Powerful Breakout

Bollinger Bands, created by technical analyst John Bollinger, use a moving average and upper and lower standard-deviation bands to measure price volatility. A daily Bitcoin close above the upper band is generally viewed as a sign of strengthening momentum. This is the first such test in months, drawing attention to whether BTC can turn a short-term rebound into a sustained rally.

As of July 20, 2026, Bitcoin (BTC) was attempting to break above the upper Bollinger Band on its daily chart, marking its first key test of that level in months. Bollinger said the trading signal had turned “positive,” adopted a bullish stance and disclosed that he had opened a new BTC position based on the signal. Reports did not disclose the amount invested or his exact entry price.

Bitcoin reclaimed the $70,000 level as institutional buying through U.S. spot Bitcoin ETFs picked up, bringing some ETF investors close to breakeven. The market views $68,000 as the key medium-term dividing line between bullish and bearish momentum. Whether Bitcoin can hold above it will help determine if the rebound extends into April.

Bitcoin recently traded above $70,000 at one point during the New York session, while U.S. spot Bitcoin ETFs recorded nearly $500 million in net inflows in a single day. Around March 11, analysts said that if the weekly close continued to hold above the $68,000 trendline, a break above $72,000 could quickly propel Bitcoin into the major short-liquidation zone at $80,000.