Bitcoin Bollinger Bands hit record monthly squeeze as charts eye $84,500

Bitcoin’s monthly Bollinger Bands have tightened to a record squeeze, a setup that analysts say often precedes sharp volatility and a potential breakout. Chart levels cited include reclaimed support at the 200-week EMA ($68,000) and 50-day SMA ($70,900), with a symmetrical-triangle target near $84,500. Onchain cost-basis data also highlights heavy supply accumulated around $83,000–$85,000, which could act as resistance near $84,000.