Bitcoin traders are closely watching the market after John Bollinger, creator of the Bollinger Bands, revealed that his trading model has flipped bullish on BTC. The signal comes as BTC breaks above a key Bollinger Bands setup that has historically appeared before major rallies, sparking fresh speculation that the market could be preparing for a move toward the long-awaited $100,000 level.
Bollinger Band Creator Turns Bullish On Bitcoin
Bitcoin may be entering a new bullish phase after Bollinger revealed on X social media that his trading model has turned positive on BTC. The veteran market analyst said his Tactica program, a systematic trading and investment strategy, is now fully invested in BTC following the latest signal, a move that quickly caught the attention of crypto traders.
The update came after Bitcoin broke through a major Bollinger Bands setup on May 7, which many analysts had been watching closely for months. Recent market action showed Bitcoin breaking above the upper Bollinger Band after a long period of tight price movement. This was the first time Bitcoin recorded its second consecutive daily close above the upper Bollinger Band since January.
The setup has historically appeared ahead of some of BTC’s biggest rallies. Similar conditions were seen before the strong bull runs in 2017 and 2021, leading many traders to believe another large move could now be forming.
Bollinger’s comments also sparked discussion about market timing. One community member, Temporos, claimed that their own model turned positive on April 7 and suggested that waiting for confirmation could leave traders late to the move. Bollinger responded that traders who wait for confirmation often end up richer, underscoring the importance of risk control over early entries.
Bollinger’s new signal is important because Bollinger Bands are widely used to track trend strength and volatility. When Bitcoin starts trading near the upper band for several sessions, it typically signals growing momentum instead of market exhaustion. Also, with BTC now holding strong above key resistance levels around $80,000, speculation around a possible move toward $100,000 is growing again.
Analyst Forecasts Bitcoin’s Run To $100,000 This Year
In a separate analysis, analysts who still maintain strong bullish stances on Bitcoin have shared new insights supporting BTC’s potential run back toward $100,000. On X, market analyst Crypto Michael shared a chart showing a multi-year ascending trendline pointing toward the $85,000 region.
The analyst believes that once Bitcoin breaks this line, there will be no more corrections left for the cryptocurrency. He projects a strong vertical accumulation back to the $100,000 level. He said that once that happens, Bitcoin shorts will be flushed and FOMO will return to the market at extreme levels.
Sharing a similar outlook, crypto analyst Ted Pillows stated on X that large traders are currently betting on three targets for Bitcoin by Q3 2026. The first and most optimistic of the three is a run back toward $100,000, with $287 million in bullish bets stacked on that level. The second is a decline to $60,000, where $266 million in bearish bets are positioned. Finally, the third is a deeper crash to $50,000, with $252,000,000 downside bets riding on that outcome.
Featured image from Getty Images, chart from Tradingview.com
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