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An all-too-familiar setup has emerged on Bitcoin’s chart. Weekly Bollinger Bands now print a structure nearly identical to the one that formed before the March 2025 pullback — the one that dragged the Bitcoin price down roughly $30,000 from its peak to a support level just above $74,000.
At that time, the price was close to the upper limit for several weeks. It had a hard time going above that price, and then it slowly went down as the market became more unstable.
Now, we are seeing the same slow crawl near the upper band, with current levels around $108,900, and the same flattening structure is beginning to take shape. There is no confirmed breakdown yet, but the pattern looks like it is a repeat of what led to that multi-week drop earlier this year.
The lower Bollinger Band is now at $74,200, which is the exact zone that was hit during the last leg down. If the market repeats that structure, it would not take a panic selling to reach it — just the same lack of follow-through. The RSI is fading below 64 once again, which might not scream danger on its own.
However, last time, it showed the same reading just before momentum flipped and sellers began to dominate.
Nothing dramatic is happening yet, and Bitcoin is still holding above key short-term levels. However, that is what makes this setup tricky. It is not about a dramatic move; it is about the technicals lining up the same way they did before a clean 30% retracement. There is no volume spike or sudden candle — just the slow unwinding that has already played out once.
For now, bulls still have room to change the script. However, if the past few months are any indication, now might not be the time to ignore the bands.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team