Writing
📊 $BTC Monthly Outlook 👀
is testing the lower Bollinger Band on the monthly chart for the first time since the 2022 bear market bottom. ⚠️
Historically, this setup has often preceded strong upside moves. 🚀
Key levels:
📍 Previous peak: ~$109K
📍 Midline resistance: ~$88,781
📍 Lower band support: ~$53,361
What matters most right now:
🔥 Bollinger Bands are starting to contract
⚡ Monthly squeeze is forming
📈 Big move may be approaching soon
Compression like this usually doesn’t last long.
Volatility expansion is coming. 👀
Question is simple:
Break up or break down? 🚀💀
#BTC #Crypto #trading