Bitcoin (BTC) Has 100 Days: Boom or Doom After That? (Analyst Weighs in)

The price of the leading digital asset has lost some steam after hitting a new all-time high above $126,000. However, one crucial indicator suggests a new parabolic move could be knocking on the ￰0￱ Move in the Next 100 Days? The technical analysis tool in question is Bitcoin’s weekly Bollinger Bands, which consist of upper and lower boundaries that show how far the price moves away from its ￰1￱ to X user Tony “The Bull” Severino, the lines have recently tightened to record ￰2￱ a development suggests that BTC’s price has consolidated and could be poised for a massive move in either ￰3￱ analyst assumed it may take approximately 100 days to “get a valid breakout or breakdown.” “Whatever direction is chosen will lead to a trending move accompanied by high volatility,” he ￰4￱ also warned investors that expanding from such a setup could result in “head fakes.” In other words, the price may briefly nosedive before taking off or vice versa.

“This has the potential to send Bitcoin parabolic, or put an end to the three-year mature bull rally,” he concluded. Best-Case and Worst-Case Scenarios The majority of analysts on X appear optimistic that BTC has yet to reach new peaks during this ￰5￱ and BitBull envisioned a pump to a fresh all-time high of $150,000 in the following ￰6￱ latter argued that “big money is now waiting for gold to form a local top,” predicting that the primary cryptocurrency will outperform the yellow metal in ￰7￱ impressive inflows toward spot BTC ETFs since the beginning of the month, combined with the declining exchange reserves, support the bullish ￰8￱ recently, the amount of assets stored on such platforms dipped to approximately 2.4 million, or a seven-year ￰9￱ means that an increasing number of investors are moving their holdings to self-custody wallets, which reduces the immediate selling ￰10￱ Exchange Reserves,) Has 100 Days: Boom or Doom After That?

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