John Bollinger Predicts Bitcoin Breakout as BTC Hits Record $113K

Legendary technical analyst John Bollinger has confirmed Bitcoin's long-awaited breakout, calling attention to the digital asset’s historic surge. Earlier today, Bitcoin (BTC) soared to a new all-time high of $113,804, marking another milestone in its record-setting rally. Bollinger, best known for developing the Bollinger Bands indicator, had predicted a breakout earlier this week as BTC approached the key $110,000 resistance level.

Despite the sharp rise in price, selling pressure remains remarkably low. According to on-chain analytics platform CryptoQuant, exchange inflows are nearing their lowest point in nearly a decade, indicating minimal desire among holders to sell. Similarly, Santiment reports that traders are reluctant to move their assets to exchanges, suggesting that confidence in further gains is strong.

Adding to the bullish sentiment, a prominent crypto whale has taken on a significant long position, betting on continued upward momentum. The anonymous investor now holds a 3,000 BTC long position with 20x leverage—worth approximately $340 million at current prices. This position has already yielded a floating profit of over $13 million.

Bollinger, 75, has a proven track record in market forecasting and was also credited with accurately calling several Bitcoin bottoms earlier this year. His latest affirmation has further energized market sentiment, reinforcing the belief among investors that the current rally may have more room to grow.

With institutional interest climbing and minimal sell-side pressure, Bitcoin’s bullish trajectory appears intact. As retail and whale investors alike double down, BTC could be poised to challenge the next psychological milestone in its meteoric rise.