'Tightest Ever': Bitcoin's Monthly Bollinger Bands Could Predict Massive Move

Cover image via depositphotos.com 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. The Bollinger Band squeeze, explained Holding crucial support Advertisement Bitcoin, the leading cryptocurrency by market capitalization, could be on the verge of an extremely volatile move, according to the Bollinger Bands indicator, which is closely followed by chartists. The flagship cryptocurrency remains in the mid-$76,000 range for now, CoinGecko data shows. The Bollinger Band squeeze, explained On X, Elon Musk's social media platform, prominent cryptocurrency trader Josh Olszewicz has said Bitcoin's monthly Bollinger Bands are currently the "tightest ever." HOT Stories Beeple Drops Wild 2140 Michael Saylor Art Hyperliquid (HYPE) Nears All-Time High, Shiba Inu (SHIB) Faces Strong Downside Volume, Toncoin (TON) Returns to $2: Crypto Market Review The indicator, which was developed by financial analyst John Bollinger several decades ago, is useful for measuring market volatility. Advertisement monthly $BTC bbands tightest ever pic.twitter.com/E6pX6gU3dy — CarpeNoctom (@CarpeNoctom) May 22, 2026 The tool includes a simple moving average (the middle band) flanked by an upper and lower band. These bands show deviations from that average. The bands contract toward each other when a certain asset remains in a tight tight range for a prolonged period of time. This is colloquially known as a "squeeze." Advertisement You Might Also Like Mon, 05/18/2026 - 05:21 Bitcoin Crash Wipes Out $660 Million By Alex Dovbnya The chart shared by Olszewicz shows that the distance between these bands has plunged to historic lows on the monthly timeframe. Hence, it would not be far-fetched to suggest that this period of consolidations could lead to a violent, volatile move. Holding crucial support Bitcoin remains rather resilient on the daily timeframes despite some broader market turbulence. Crypto commentator 360Trader noted that BTC is successfully holding support at $76,865 despite a strengthening U.S. dollar (USD) cruising in global markets. In fact, the flagship cryptocurrency is now in the process of forming a bullish "higher low" setup on the charts. This shows that "institutions aren't selling into strength" and are instead accumulating or holding their positions. Bitcoin can successfully defend this key psychological and technical support floor, it might end up staging an impressive rally. #Bitcoin Price Prediction