Bitcoin tests Bollinger Bands breakout as creator flips bullish on BTC

A related MVRV indicator hit overheated levels last seen before bitcoin's late-2024 push to $100,000.

What to know:

• Bitcoin closed above its upper Bollinger Band for the second time since mid-January, signaling strong upward momentum after a period of unusually tight volatility.
• John Bollinger said one of his investment fund’s proprietary models has turned positive on bitcoin and taken a position following the indicator’s bullish signal.
• Traders are watching whether bitcoin can sustain its break above the upper band to confirm a continued uptrend, as the token trades around $80,484, up about 9 percent over 30 days but still 36 percent below its October 2025 peak.

The creator of the popular technical analysis indicator Bollinger Bands has taken a position in bitcoin, an asset his own indicator is currently flashing bullish on.

John Bollinger, who developed the indicator in the 1980s, said in an X post that one of his investment fund's proprietary trading models had flipped positive on bitcoin and taken a position accordingly.

Bollinger bands are volatility bands that sit two standard deviations above and below the 20-day moving average of a token's price. A wider gap between the two bands indicates volatile conditions, while a tighter band indicates calm.

A break above the upper band traditionally signals strong upward momentum, especially after a period of compression.

Bitcoin BTC$80,172.67 closed above its upper Bollinger Band on the daily chart on Wednesday, the second such close since mid-January, with the price sitting at $80,484 against an upper band reading of $81,549, per TradingView data. The breakout followed the asset's tightest-ever band reading. These so-called squeezes often set the stage for big moves in either direction.

The chart shows bitcoin's daily price swings in candlestick format with Bollinger bands.

The setup heading into the weekend is whether bitcoin establishes a foothold above the upper band. That would be a bullish technical signal, while a rejection here puts the price back in the chop zone.

Bitcoin traded above $80,000 at press time. The token is up roughly 9% over the past 30 days but remains 36% below its October 2025 all-time high of $126,000.

More For You

It's day three of Consensus Miami 2026 on Thursday. Stay tuned for updates throughout the day.

What to know:

• It's day three of Consensus Miami 2026 on Thursday.
• Featured speakers include Senator Ashley Moody, Donald Trump Jr. and Zach Witkoff of World Liberty Financial, the Policy Summit, and a virtual Fireside chat with Binance's CZ, all still in store.
• Keep an eye on this page for updates.

Kalshi confirms $1 billion raise at $22 billion valuation amid prediction market boom

17 minutes ago

Aave to overhaul collateral and listing standards after KelpDAO exploit

32 minutes ago

'JaredfromSubway' bot front runs Vitalik Buterin's $4 token swap with $1 million in volume

1 hour ago

Consensus Miami Day 3: Real-time coverage and highlights from on the ground

1 hour ago

CoinDesk 20 performance update: Bitcoin Cash (BCH) drops 1.2%, leading index lower

1 hour ago

Bitwise enters tokenization in takeover of Superstate’s $267 million 'carry fund'

2 hours ago

Bitcoin treasury firms outline $3 trillion opportunity in BTC-backed digital credit at Consensus

2 hours ago

Safety first: Why Adam Back says Bitcoin is winning the 'DeFi security war'

4 hours ago

Dogecoin slides 4%, bitcoin rally pauses as Iran ceasefire optimism lifts equities

10 hours ago

U.S. Bitcoin Reserve update coming in 'next few weeks," White House adviser says

17 hours ago

Morgan Stanley brings crypto trading with lower fees than rivals

May 6, 2026

Crypto derivatives have converged with Wall Street. Equity perps could soon prove it.

May 6, 2026

In this article

BTCBTC$80,172.67◢1.66%