John Bollinger: Bitcoin BB Squeeze Breakout Targets $107,000

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? “Near perfect base for BTCUSD with a Bollinger Band Squeeze and breakout,” Bollinger wrote alongside the chart. “First upside target 100,000, second ~107,000, third ??? If we fail here it is back into the trenches.” On the daily timeframe, BTC spent much of the late-year period carving out a sideways-to-slightly-higher base after the sharp Q4 selloff. The chart explicitly labels that “Base” region, with price repeatedly holding a l...