Legendary Trader Bollinger Names Upside Targets for Bitcoin

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Three bullish targets Plunging volatility Advertisement Legendary technical analyst John Bollinger believes Bitcoin (BTC) could be on the verge of a run to six figures. In a Monday post on X (formerly Twitter), the creator of the widely used Bollinger Bands volatility indicator mentioned a "near perfect base" for the BTC/USD pair. A little classic technical analysis: Near perfect base for $BTCUSD with a Bollinger Band Squeeze and breakout. First upside target 100,000, second ~107,000, third ??? https://t.co/7A43k87lZn If we fail here it is back into the trenches. — John Bollinger (@bbands) January 5, 2026 According to Bollinger, the asset is currently undergoing a "Bollinger Band Squeeze". This is known as a period of low volatility that typically precedes a sudden, sharp move. Advertisement The leading cryptocurrency is currently showing some signs of a breakout. HOT Stories Legendary Trader Bollinger Names Upside Targets for Bitcoin Morning Crypto Report: Ex-Ripple CTO Reveals Unknown XRP Story From 2013, Shiba Inu (SHIB) Rockets 30% in $12 Billion Meme Coin Comeback, Legendary Trader Suddenly Becomes Bitcoin Cash Bull Schiff Dismisses Bitcoin Rally as BTC Reclaims $93K Shiba Inu (SHIB) Price Prediction 2026 Three bullish targets Bollinger outlined clear resistance levels for Bitcoin bulls to watch now that the ball appears to be back in their court. The first target is $100,000, while the second is $107,000. Meanwhile, the third target is unknown, according to Bollinger, which possibly implies that the leading cryptocurrency could challenge a new all-time high. Advertisement You Might Also Like Mon, 01/05/2026 - 19:24 Bitcoin Is Back on the Right Track, Analyst David Cox Says By Alex Dovbnya However, a failure to sustain this momentum and push Bitcoin back into six-figure territory could possibly lead to a deeper correction. "If we fail here, it is back into the trenches," Bollinger warned. Plunging volatility The bottom pane of Bollinger's chart displays the "BandWidth" indicator, which measures volatility. The line recently dropped to a multi-month low (marked "Squeeze"). This indicates that the market had coiled into an extremely tight range. Extended periods of low volatility are often precursors to high-volatility expansions. Bitcoin has now pierced the upper Bollinger Band (the red wavy line on the main chart). Simultaneously, the %B indicator in the middle pane, which tracks price relative to the bands, has surged above the 1.0 level (marked "Breakout"). This shows that there is indeed rather strong bullish momentum. #Bitcoin Price Prediction #John Bollinger