TechDev analyst points to an indicator that predicts bitcoin’s growth to $ 140,000 in 3 months

The potential for rapid growth in the price of bitcoin is a hot topic in the financial world, with experts predicting significant growth for the market’s flagship.

An analysis conducted by a specialist under the pseudonym TechDev shows that the price of BTC $65,755.33 Bitcoin -0.33% Market capitalization $1.3 trillion VOL. 24 hours $0.6 billion could double from the current $ 69,000 within three months. This prediction is based on the behavior of bitcoin in relation to the upper Bollinger Band, a technical indicator that measures market volatility.

According to TechDev, «every time bitcoin has done this in the past, its price has doubled within the next three months.» If this trend continues, bitcoin could reach $ 140,000 by July.

Bollinger Bands are a technical analysis tool that indicates the momentum and volatility of an asset within a certain range, with prices near the upper band usually signaling overbought conditions.