**Bitcoin Set for Major Surge, Analysts Predict**

Bitcoin could be on the verge of a significant price increase, according to new analysis by Julien Bittel from Global Macro Investor. Bittel suggests that Bitcoin might reach up to $190,000, driven by intense volatility.

- **Bollinger Bands Indicator**: Bittel highlights that the Bollinger Bands, a key volatility indicator, are "crazy tight" by historical standards. This compression has only been seen twice before, in April 2016 and July 2023, both times leading to substantial price hikes.

- **Historical Patterns**: Past instances of such tight Bollinger Bands have resulted in Bitcoin prices rising significantly over the following year. Bittel predicts a similar trend, with Bitcoin potentially hitting between $140,000 and $190,000.

- **Current Market Sentiment**: Bitcoin is currently trading around $64,000, up 11% over the past week. While institutional investors and whales are accumulating, mainstream retail interest remains subdued.

- **Future Outlook**: Popular trader Rekt Capital suggests that September 2024 could be a critical moment for Bitcoin's breakout, based on historical patterns.

This analysis does not constitute investment advice. Always conduct your own research before making investment decisions.