Jeremy DaVinci Teases Bitcoin (BTC) Rally on Bollinger Nudging Bands

Early Bitcoin (BTC) founder Jeremy DaVinci has shared insights into the potential price direction of the digital currency. Taking his official X handle, DaVinci is highlighted interesting times the crypto industry is in continuous parabolic growth in the price of Bitcoin.

Despite Bitcoin’s recovery earlier this month, DaVinci said the asset’s price has closed above the upper Bollinger Bands indicator for two consecutive months. According to him, the last time this happened, the price of the coin rose to 2 times in just two months after the setup was confirmed.

As a YouTuber and crypto advocate, Jeremy DaVinci has created a brand for himself as one of the biggest financiers of Bitcoin in particular. DaVinci was an early Bitcoin pioneer and has gained recognition for this in the wider industry. With his latest call, DaVinci believes that the price of Bitcoin could top $140,000 in three months, an advanced prediction that is reminiscent of the estimates of other market experts.

Bitcoin has posted a series of all-time highs (ATH) in the past month, and although there is an ongoing correction, the currency is considered to be in price discovery and likely to jump further.

Bitcoin incentives to watch

Although Bitcoin price forecasting does not follow a linear path as market influence also weighs down, there are certain market drivers that can help make trading predictions successful.

The Bitcoin ETF market is at the top of the list of highlights surrounding the underlying cryptocurrency. With massive capital inflows, ETF issuers have been adding remaining BTC to crypto trading platforms, fueling supply shortages that are favorable to prices.

Bitcoin’s halving event expected to take place later this month is adding another force to BTC’s upward momentum. Reduced issuance will complete the supply to position the currency for long-term future growth.