Bitcoin is poised for a breakout as Bollinger Bands tighten, but the direction is uncertain, history suggests a resolution within 3 months. BTC may flip parabolic or end its bull market in the next 100 days, according to a new analysis. Analysts await a breakout through upper or lower Bollinger Bands, which could take over 100 days.

BTC price action hints at a potential new “price discovery uptrend,” but analysts caution that a breakout may not happen immediately. Previous Bollinger Band breakouts indicate that a clean break with a daily candle could signal a major move, but fake breakouts are possible. Bitcoin’s recent all-time high above $126,000 may have been a head fake move.

Trader Rekt Capital predicts a longer Bitcoin cycle, ruling out a peak in the bull market. He anticipates a new “price discovery uptrend,” with BTC on the verge of entering the next phase. The breakout from Bollinger Bands could either propel Bitcoin parabolic or mark the end of the current bull rally. This news does not offer investment advice.

Read more at Cointelegraph: Bitcoin Price Gets a New 100-Day Breakout Countdown