Bitcoin Bollinger Band Extreme Value Caused Bullish Controversy

Bitcoin’s Bollinger Band has reached extreme levels, suggesting that prices may rise sharply as volatility narrows. Analysts point out that this is similar to past bull cycles, with on-chain indicators such as NUPL and MVRV ratios showing that big holders are increasing their holdings. While not a foolproof forecast, historical patterns suggest prices may rise, with some traders targeting $30,000.