Analyst Gives 100 Days for Bitcoin! "Either a Parabolic Rally Will Happen, or the Bull Run Will End!"

Bitcoin (BTC) broke the new ATH by exceeding $126,000 at the beginning of the week, but fell sharply during the week to $121,000. As investors await a major surge with the arrival of the bullish month of October, one analyst said Bitcoin is at a turning ￰0￱ Bollinger Bands, popular analyst Tony Severino concluded that Bitcoin's next move depends on the Bollinger Bands volatility ￰1￱ to the analyst, the Bollinger Bands volatility indicator suggests that BTC could make a parabolic rally or end the bull market in the next 100 ￰2￱ to the analyst, Bitcoin Bollinger Bands have reached record tightness, signaling a breakout in about 100 ￰3￱ move could send BTC into a parabolic rally or trigger a correction that ends the ￰4￱ analyst said that the record narrowing of the bands will result in a breakout to the upside or downside, but this may not happen immediately and may take more than three ￰5￱ analyst added that currently Bitcoin has not been able to decisively break the upper band level, which has put the market in a waiting position.

“Bitcoin's weekly Bollinger Bands recently reached record ￰6￱ now, BTC/USD has failed to break out strongly from the upper ￰7￱ on past local consolidation ranges, it could take up to 100+ days to see a valid breakout or collapse.” Finally, the analyst warned that the squeeze on the Bollinger Bands could result in false breakouts, creating false declines or rises before the actual breakout occurs: “Expanding from such a squeeze environment could lead to false ￰8￱ may have seen one in the last move to $126,000 and there could be another one before the real trend emerges.” *This is not investment ￰9￱ Reading: Analyst Gives 100 Days for Bitcoin! "Either a Parabolic Rally Will Happen, or the Bull Run Will End!"