• Bitcoin weekly Bollinger Bands tightest in history of BTCUSD price action. 
• BTC is expected to surge to $135,000 to $165,000 ATH targets. 
• Analysts expect a bullish reaction over bearish momentum soon.

As the price of Bitcoin (BTC), the pioneer crypto asset, continues to decline at a steady pace, analysts and traders are debating over bull vs bear reactions for the coming day ahead. Despite the few analysts expecting a bearish crash and the end of the bull market, others believe BTC is one final pump for the cycle. This is based on the fact that the Bitcoin weekly Bollinger Bands tightest in history of BTCUSD price action. 

Bitcoin Weekly Bollinger Bands Tightest in History of BTCUSD Price Action

Since yesterday, the crypto market has seen billions liquidated in a very short time as the price of BTC fell to $114,000. In detail, $230 million worth of longs was liquidated in just an hour and a total of $1.524 billion worth of longs were liquidated in the day. Analysts have marked over $2 billion in liquidations to follow if the price of BTC declines to the $108,000 and $106,700 price ranges, as the price of BTC fell to $111,000 today. 

Presently, analysts are debating over the bearish vs bullish possibilities for the crypto market for the end of September. Initially, September was expected to usher in a massive correction that would take the price of BTC temporarily to the $90,000 price range. Now, some analysts believe the bear market is upon us and that BTC won’t see any other upward momentum. This is completely opposite to price chart indicators. 

According to several other reputed crypto analysts, the price of BTC is set to explode in the coming days ahead. Many believe that BTC will pull one final pump and set a new ATH before altseason can occur. At the moment, analysts are highlighting the many bullish signals on the BTC and other price charts and signals to ensure that the bull market is still in play and has a few more months to go. 

As we can see from the posts above, the Bitcoin weekly Bollinger Bands are officially the tightest in the entire history of BTCUSD price action. Some say this indicator can also cause pressure to shift bearish. But as the other post says, the numbers and data in the Bitcoin price chart suggest the recent dip to be only temporary and that a surge to new ATHs is coming, which would bring $165,745 into play.

BTC Price Could Pump to $135,000 or $165,000

Similarly, another reputed crypto analyst adds another bullish observation from the BTC price chart. As we can see from the post above, the analyst highlights the 1D chart, saying that today BTC hit a decent Support Zone between $109,000 and $111,500. If this holds, Bitcoin can recover to the $118,000 price level. He states that if support breaks, then the next bottoming zone will be between $101,000 and $103,000. Finally, he concludes by saying that a new ATH will come in Q4 anyway between bull targets of $131,000 and $135,000.