Bitcoin

Bitcoin (<a href="https://cointelegraph.com/price-indexes/bitcoin" rel="noopener noreferrer nofollow">BTC</a>) could see further upside volatility as several technical indicators suggested the BTC price was due for a “powerful“ upward move.
Key takeaways:
<ul>
 <li>Bitcoin’s Bollinger Bands indicator now sees the potential for a massive price breakout.</li>
 <li>BTC price needs to overcome resistance at $80,000 for more upside.&nbsp;</li>
</ul>
<h2 id="bollinger-bands-suggest-bitcoin-s-bull-run-is-next">Bollinger Bands suggest Bitcoin’s “bull run is next”</h2>
Bitcoin’s Bollinger Bands have reached their tightest point ever on the monthly time frame, signaling that volatility should be expected soon.
Related: <a href="https://cointelegraph.com/markets/bitcoin-bull-score-hits-six-month-high-2022-bear-market-fears-linger" rel="noopener noreferrer nofollow">Bitcoin 'Bull Score' hits six-month high as 2022 bear-market fears linger</a>
Bollinger Bands (BB) is a technical indicator used by traders to assess momentum and volatility within a certain range.
The “tightest Bitcoin monthly Bollinger band squeeze, ever,” <a href="https://x.com/cantonmeow/status/2046793427983991112?s=20" rel="noopener noreferrer nofollow">said</a> analyst Cantonese Cat in an X post on Wednesday.
“​​This will lead to a very powerful move when it expands,” the analyst <a href="https://x.com/cantonmeow/status/2033697521474601091?s=20" rel="noopener noreferrer nofollow">added</a>.
The BTC/USD pair gained about 230% between December 2023 and August 2025 to its current <a href="https://cointelegraph.com/news/crypto-mining-treasury-stocks-rise-bitcoin-peak-high" rel="noopener noreferrer nofollow">all-time high of $126,000</a>, after breaking above the upper boundary of the Bollinger Bands.
Similar occurrences in 2020 and 2016 triggered the previous bull runs that saw BTC price rally more than 520% and 4,400%, respectively.
<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019db4df-f176-7641-970d-15a904bbaaaa.png" alt="‘Powerful move’ looms for Bitcoin price, says Bollinger Bands indicator">
 <figcaption>BTC/USD monthly chart. Source: Cointelegraph/<a href="https://www.tradingview.com/symbols/BTCUSD/" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>
Meanwhile, Coinvo Trading shared a chart showing that Bitcoin’s monthly <a href="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal" rel="noopener noreferrer nofollow">RSI</a> has dropped to its lowest level since late 2022.
This coincided with the BTC/USD drop to a multi-year support trend line, an occurrence that has previously marked Bitcoin’s macro bottoms.
The last time this happened was at the bottom of the 2022 bear market, preceding a 350% BTC price rally to its previous all-time high of $73,800, reached in March 2024.
“The same exact trendline, the same oversold RSI, the same outcome,” Coinvo Trading said, adding:
<blockquote>
 “Bull run is next in line.”
</blockquote>
<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019db4df-f6c8-7870-996d-84d1cd23055a.png" alt="‘Powerful move’ looms for Bitcoin price, says Bollinger Bands indicator">
 <figcaption>BTC/USD monthly chart. Source: Coinvo Trading
 </figcaption>
</figure>
As Cointelegraph <a href="https://cointelegraph.com/markets/bitcoin-metrics-line-up-bull-signals-78k-btc-price-level-beat" rel="noopener noreferrer nofollow">reported</a>, several Bitcoin metrics, including a bullish MACD crossover on the weekly chart, suggest that a BTC price breakout is about to begin.&nbsp;
<h2 id="bitcoin-must-reclaim-80-000-next">Bitcoin must reclaim $80,000 next</h2>
<a href="https://cointelegraph.com/markets/bitcoin-regains-76k-as-coinbase-driven-demand-sustains-recovery" rel="noopener noreferrer nofollow">Bitcoin’s 6% rally over the last three days</a> saw the BTC/USD pair fill the $74,000-$77,000 CME gap created over the weekend.
Traders are now looking at the next CME gap above $80,000, formed in early February.
<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019db4df-fb30-778b-a8bc-bcf75517793a.png" alt="‘Powerful move’ looms for Bitcoin price, says Bollinger Bands indicator">
 <figcaption>BTC/USD four-hour chart. Source: X/Nic
 </figcaption>
</figure>
MC Capital founder Michael van de Poppe <a href="https://x.com/CryptoMichNL/status/2046874341279723859" rel="noopener noreferrer nofollow">said</a> resistance at $79,000 could temporarily “stall” Bitcoin’s upward momentum
<blockquote>
 “Likely we'll test it first, come back down for a little, find extra stamina, and then we'll push through to $86K.”
</blockquote>
<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019db4df-ff72-7ec7-b213-4901efd12705.png" alt="‘Powerful move’ looms for Bitcoin price, says Bollinger Bands indicator">
 <figcaption>BTC/USD daily chart. Source: X/Michael van de Poppe
 </figcaption>
</figure>
Meanwhile, Bitcoin’s whale order book <a href="https://x.com/coinglass_com/status/2046857182273302576?s=20" rel="noopener noreferrer nofollow">showed</a> “heavy sell pressure” between $78,000-$80,000, reinforcing the significance of this resistance level.
<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019db4e0-0273-7501-b28a-46b00ce59a41.jpg" alt="‘Powerful move’ looms for Bitcoin price, says Bollinger Bands indicator">
 <figcaption>Bitcoin whale order book. Source: CoinGlass
 </figcaption>
</figure>
As Cointelegraph <a href="https://cointelegraph.com/markets/price-predictions-4-20-spx-dxy-btc-eth-bnb-xrp-sol-doge-hype-ada" rel="noopener noreferrer nofollow">reported</a>, a close above the $76,000-$78,000 resistance zone would confirm that the buyers are in control, clearing the path for a potential rally to $84,000.

‘Powerful move’ looms for Bitcoin price, says Bollinger Bands indicator

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