Bitcoin Might Face Two-fold Surge According To Bollinger Bands

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According to Bollinger Bands, Bitcoin might face a twofold surge in the market. In the best-case scenario, $190,000 will be the new ATH for the digital currency. Bollinger Bands are at historically low levels. This compression was observed only in April 2016 and July 2023. In each case, over the next 12 months, Bitcoin prices increased dramatically. And if the pattern continues, Bitcoin may hit $140,000 to $190,000 in less than a year. However, External factors and the general market trend are also crucial.