{"id":43299,"date":"2026-04-24T17:41:17","date_gmt":"2026-04-24T17:41:17","guid":{"rendered":"https:\/\/financialrush.com\/?p=43299"},"modified":"2026-04-24T17:41:17","modified_gmt":"2026-04-24T17:41:17","slug":"key-metric-suggests-bitcoin-could-be-poised-for-an-explosive-move","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=43299","title":{"rendered":"Key Metric Suggests Bitcoin Could be Poised for an Explosive Move"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>&#13;<br \/>\n\t\t\t\t\t\t\t\t\tA substantial pump or a painful decline: what&#8217;s next for BTC?\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<div>\n<p>The primary cryptocurrency seems to be sitting at a crossroads, with one important indicator signaling it could be on the verge of a major move.<\/p>\n<p>Many analysts believe an uptrend is the more likely scenario, while the renewed interest from institutional investors supports that outlook.<\/p>\n<h2 id=\"big-action-on-the-way\">Big Action on the Way?<\/h2>\n<p>Earlier this week, the analyst Cantonese Cat <a href=\"https:\/\/x.com\/cantonmeow\/status\/2046793427983991112?s=20\" target=\"_blank\">noted<\/a> that Bitcoin\u2019s monthly Bollinger Bands have registered their biggest squeeze ever. The indicator, created by John Bollinger, consists of a moving average with an upper and lower band that expand and contract based on market turbulence.<\/p>\n<p>When these channels squeeze, it means volatility has dropped to unusually low levels \u2013 a setup that often precedes a major move, even though the direction (up or down) remains unknown.<\/p>\n<p>It is important to note that in previous cases, tightening the bands has indeed been followed by significant price swings. Such a development was <a href=\"https:\/\/cryptopotato.com\/bitcoins-weekly-bollinger-bands-hit-record-tightness-where-to-next-for-btc\/\">observed<\/a> at the start of October last year when BTC was trading at around $120,000. Shortly after, the valuation <a href=\"https:\/\/cryptopotato.com\/bitcoin-btc-taps-a-new-ath-above-126k-these-alts-head-south-market-watch\/\">spiked<\/a> to a new all-time high above $126,000 and then experienced a massive correction.<\/p>\n<p>Numerous analysts believe the leading cryptocurrency, currently trading around $78,400, is more likely to head north in the short term. X user CRYPTOWZRD, for instance, <a href=\"https:\/\/x.com\/cryptoWZRD_\/status\/2047502848838000974\" target=\"_blank\">envisioned<\/a> a substantial ascent in the event of a breakout above $79,200.<\/p>\n<p>For his part, Ted made a rather cautious prediction, <a href=\"https:\/\/x.com\/TedPillows\/status\/2047592378895368651\" target=\"_blank\">claiming<\/a> that the asset could see a sharp dump if it breaks the key $76,000 support level.<\/p>\n<h3 id=\"you-may-also-like\" class=\"heading-4\">You may also like:<\/h3>\n<h2 id=\"the-entirely-bullish-factors\">The Entirely Bullish Factors<\/h2>\n<p>While tightening the Bollinger bands cannot be automatically labeled as an optimistic sign for the asset, the recent inflows into spot BTC ETFs entirely favor the bulls.<\/p>\n<p>Data show that these products have seen an 8-day consecutive green streak: something last observed in October 2025. Such consistent demand signals a strong institutional appetite, reducing available supply in the market because it requires ETF issuers to back their clients\u2019 shares with real BTC.<\/p>\n<p>The shrinking amount of coins stored on crypto exchanges is also worth monitoring. Just several hours ago, the figure tumbled to a nearly seven-year low of around 2.6 million, suggesting that investors continue to abandon centralized platforms and shift towards self-custody methods. This, in turn, reduces immediate selling pressure.<\/p>\n<figure id=\"attachment_1435355\" aria-describedby=\"caption-attachment-1435355\" style=\"width: 1521px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/04\/BTC-Exchange-Reserve-2.png\"><\/a><figcaption id=\"caption-attachment-1435355\" class=\"wp-caption-text\">BTC Exchange Reserve, Source: CryptoQuant<\/figcaption><\/figure>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><center><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Exclusive)<\/span><\/center><br \/>\n<b>Binance Free $600 (CryptoPotato Exclusive): <a href=\"https:\/\/cryptopotato.com\/binance600f\/\" rel=\"nofollow\">Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (<a href=\"https:\/\/cryptopotato.com\/binance600d\/\">full details<\/a>).<\/p>\n<p><b>LIMITED OFFER for CryptoPotato readers at Bybit: <a href=\"https:\/\/cryptopotato.com\/pl\/bybit24\/\" rel=\"nofollow\">Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n\n<br \/><a href=\"https:\/\/cryptopotato.com\/first-time-in-history-key-metric-suggests-bitcoin-could-be-poised-for-an-explosive-move\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"&#13; A substantial pump or a painful decline: what&#8217;s next for BTC? The primary cryptocurrency seems to be&hellip;\n","protected":false},"author":2,"featured_media":42773,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-43299","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/43299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43299"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/43299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/42773"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}