Key takeaways:
Bitcoin’s Bollinger Bands indicator reached a critical turning point for bulls.
Bitcoin’s cup-and-handle pattern targets $300,000, backed by multiple tailwinds.
A Bitcoin indicator used by traders to assess volatility has reached a critical turning point, suggesting that a significant price move may be underway.
Crypto trader and analyst Matthew Hyland noted that Bitcoin’s (BTC) Bollinger Bands — a tool that measures the momentum and volatility of an asset within a certain range — have reached their “most extreme level” in the monthly time frame since its inception in January 2009.
BTC/USD monthly chart. Source: Matthew Hyland
He wasn’t the only trader to spot the emerging pattern.
“The Bitcoin Bollinger Bands on the 1M (monthly) are at historical tightness,” popular analyst Crypto Ceasar said, adding,
“This has previously led to heavy volatility to the upside. Bitcoin could be in for a spicy Q4.”
The Bollinger Bands on the 1M (monthly) are at historical tightness. This has previously led to heavy volatility to the upside (see chart).
Bitcoin could be in for a spicy Q4 🐂🫡 pic.twitter.com/sOmeLIYPgT
— 👑Crypto Caesar👑™️ (@crypto_caesar1) September 6, 2025
Previous contractions in 2012, 2016 and 2020 all “preceded explosive price expansions,” crypto investor Giannis Andreou said in an X post last week, adding that the current setup is even tighter, indicating the potential for the largest move ever seen in BTC price.
“Huge volatility ahead!”
It is not the first time in this bull market that the Bands have pointed to major BTC price upside. As Cointelegraph reported, in early July, a squeeze on the three-day chart precluded the run to the current all-time highs above $124,500 reached on Aug. 14.
Bitcoin’s cup-and-handle pattern targets $300,000
As Cointelegraph continues to report, multiple factors are putting Bitcoin in a good position for more upside despite recent failed attempts to sustain a recovery above $112,000.
In addition to impending Fed interest rate cuts and bullish onchain metrics, Bitcoin may mirror gold’s rally and regain momentum…
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