Bitcoin’s second quarter kicked off with uncertainty and volatility, dropping to a five-month low below $75,000 in early April. 

However, after the suspension of tariffs against all countries except China, and greater clarity around its regulatory stance, the cryptocurrency rebounded, surging nearly $20,000 in just a few weeks.

Yet, after briefly breaking above $90,000 over a week ago, BTC has stalled, locked in a tight range between $93,000 and $95,000. A breakout attempt was made yesterday but failed to breach the lower support. Now Bitcoin is once again testing the upper boundary of the range.

Several key indicators suggest that this phase of consolidation could be nearing its end, signaling a potentially significant price movement ahead.

Bollinger Bands Indicate Imminent Move

According to crypto analysts, volatility has been decreasing, as evidenced by the narrowing Bollinger Bands on the 4-hour BTC chart.

 The momentum indicator, comprised of three lines centered around a simple moving average (SMA), has tightened considerably. Historically, this compression often precedes large price swings.

While Bollinger Bands themselves don’t predict direction, some analysts suggest that Bitcoin has a solid chance to break upward — if it manages to stay above the critical support at $93,198, which has held multiple times over the past week.

If BTC successfully breaks through $95,870, analysts believe it could target a new all-time high near $114,230.

Accumulation Points to Uptrend Potential

Further supporting the bullish outlook are signs of increased accumulation. In particular, whale addresses have added approximately $4 billion worth of BTC in just two weeks — a strong signal of institutional confidence.

Additionally, Bitcoin ETFs, which had been seeing persistent outflows, reversed the trend and recorded net inflows between April 17 and 30. Although the streak ended yesterday, the outflow was a relatively minor $56.3 million, far less than the billions previously drawn in.

The BTC Accumulation Trend Score has also approached 1, a value that typically signals strong accumulation by large players preparing to buy more.

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