Bitcoin’s daily chart is flashing what John Bollinger calls “a little classic technical analysis”: a well-formed base followed by a Bollinger Band Squeeze and an upside breakout that puts $100,000 and roughly $107,000 in view, so long as price can hold the move and avoid slipping back into the prior range.
Bitcoin Rebound To $107,000 Next?
The squeeze is visible in the Bollinger BandWidth panel at the bottom of the chart, where BandWidth sinks to a marked low (“Squeeze”) and then begins to turn up. That inflection is paired with a sharp surge in the %B panel (the middle indicator pane), where %B drives up through the 1.0 line, an on-chart signal that price has pushed beyond the upper Bollinger Band.
Bollinger annotates that moment as the “Breakout,” and the price panel shows the market accelerating higher off the base as the bands begin to open. On Bollinger’s chart, BTC is trading at $94,484, with the upper band curling higher and the mid-band rising beneath price. In plain terms: the move is no longer just compression; it is active expansion.
Bollinger’s chart draws two horizontal red targets above current price: the first at $100,000 and the second near $107,000.
What About ETH And XRP?Bollinger also addressed the broader crypto market:“Someone asked about ETHUSD. Same pattern, a bit delayed, following not leading,” he wrote, positioning ether as a lagging participant rather than the driver.
At press time, BTC traded at $93,325.
