3 Key Signs That Bitcoin (BTC) Is Preparing For a Big Price Move
The post 3 Key Signs That Bitcoin (BTC) Is Preparing For a Big Price Move appeared on BitcoinEthereumNews.com. Bitcoin had a volatile and violent start to Q2 as its price tumbled at the beginning of April to a five-month low of under $75,000. This massacre transpired during the darkest days (for now) of US President Trump’s escalating trade war against the rest of the world. As his policy and intentions became clearer and he paused the tariffs against every single nation except for China, BTC started to recover and gained $20,000 in the next couple of weeks. Since it broke above $90,000, though, over a week ago, the asset has remained sluggish in a tight sideways channel between $93,000 and $95,000. There was a breakdown attempt yesterday, but the lower boundary held strong, and BTC is back testing the upper one now. According to several key metrics, this consolidation phase could be nearing an end, hinting at an upcoming substantial price move. Squeezing BBs Popular crypto analyst Ali Martinez highlighted the reduced volatility as of late, which is shown by the squeezing Bollinger Bands. The momentum indicator, composed of three lines with the Simple Moving Average (SMA) in the middle, has tightened on the 4-hour BTC chart, and Martinez warned that “a major price move could be just around the corner.” The Bollinger Bands are squeezing on the 4-hour chart for #Bitcoin $BTC! A major price move could be just around the corner. pic.twitter.com/uvrel12QVp — Ali (@ali_charts) May 1, 2025 Although the BBs are a secondary technical tool and do not provide a clear indication of the direction of the move, the analyst said BTC has a notable chance to head north if it remains above the key support of $93,198, which has held its price on a couple of occasions in the past week. Moreover, BTC could surge toward a new all-time high of around $114,230 if…
The post 3 Key Signs That Bitcoin (BTC) Is Preparing For a Big Price Move appeared on BitcoinEthereumNews.com.
Bitcoin had a volatile and violent start to Q2 as its price tumbled at the beginning of April to a five-month low of under $75,000. This massacre transpired during the darkest days (for now) of US President Trump’s escalating trade war against the rest of the world. As his policy and intentions became clearer and he paused the tariffs against every single nation except for China, BTC started to recover and gained $20,000 in the next couple of weeks. Since it broke above $90,000, though, over a week ago, the asset has remained sluggish in a tight sideways channel between $93,000 and $95,000. There was a breakdown attempt yesterday, but the lower boundary held strong, and BTC is back testing the upper one now. According to several key metrics, this consolidation phase could be nearing an end, hinting at an upcoming substantial price move. Squeezing BBs Popular crypto analyst Ali Martinez highlighted the reduced volatility as of late, which is shown by the squeezing Bollinger Bands. The momentum indicator, composed of three lines with the Simple Moving Average (SMA) in the middle, has tightened on the 4-hour BTC chart, and Martinez warned that “a major price move could be just around the corner.” The Bollinger Bands are squeezing on the 4-hour chart for #Bitcoin $BTC! A major price move could be just around the corner. pic.twitter.com/uvrel12QVp — Ali (@ali_charts) May 1, 2025 Although the BBs are a secondary technical tool and do not provide a clear indication of the direction of the move, the analyst said BTC has a notable chance to head north if it remains above the key support of $93,198, which has held its price on a couple of occasions in the past week. Moreover, BTC could surge toward a new all-time high of around $114,230 if…
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