Renowned technical analyst John Bollinger suggests that Bitcoin (BTC) may be on the brink of a significant price surge towards six figures.
In a recent update shared on X (formerly known as Twitter), Bollinger, who is the mind behind the popular Bollinger Bands volatility tool, highlighted what he describes as a “nearly perfect foundation” for the BTC/USD trading pair.
A bit of classic technical analysis: A nearly perfect base for $BTCUSD featuring a Bollinger Band Squeeze and subsequent breakout. The initial target is set at $100,000, followed by approximately $107,000; beyond that remains uncertain. https://t.co/7A43k87lZn
If we do not succeed here, it’s back to square one.— John Bollinger (@bbands) January 5, 2026
Bollinger noted that Bitcoin is currently experiencing what is termed a “Bollinger Band Squeeze,” characterized by low volatility which often signals an impending sharp price movement.
The leading cryptocurrency seems to be displaying early signs of breaking out from this phase.
Three optimistic targets
Bollinger has identified specific resistance levels for Bitcoin enthusiasts to monitor now that they seem to have regained control over market dynamics.
The first milestone stands at $100,000 while the second target is positioned at $107,000. The third level remains uncertain according to Bollinger’s insights; this ambiguity suggests potential for Bitcoin to reach new all-time highs.
Nevertheless, should there be an inability to maintain this upward momentum and keep Bitcoin within six-figure territory, it could result in a more substantial correction. “If we do not succeed here,” cautioned Bollinger, “it’s back to square one.”
Declining volatility
The lower section of Bollinger’s chart features the “BandWidth” indicator which assesses market volatility.
Recently marked with “Squeeze,” this line has dropped down to its lowest point in several months indicating that market activity has tightened significantly within a narrow range.
Prolonged periods of low volatility frequently precede significant expansions in market activity and price fluctuations.
Bitcoin has recently broken through its upper Bollinger Band (represented by the red wavy line on the primary chart). At the same time, %B indicator located in the middle pane—which measures prices relative to these bands—has surged past 1.0 (noted as “Breakout”). This indicates robust bullish momentum currently driving prices upward.