A look at Bitcoin’s price action reveals a potential breakout opportunity for bulls. The Bollinger Bands indicator suggests that the leading cryptocurrency may be poised for a significant upward movement. Notably, recent days have shown Bitcoin rebounding strongly from the lower band and swiftly reaching the middle band in just one daily candle. 20-day moving average currently sits at middle band. This momentum hints at a potential uptrend with $88,180 serving as an ultimate target. However, a cautious approach is warranted. While Bitcoin remains below the middle band on the daily time frame, it could signal caution against a potential bull trap. Still, sustained consolidation around the middle band, indicated by the 20-day moving average, could propel Bitcoin toward further gains and potentially break through the upper band. The lower band at $80,600 currently acts as critical support, holding strong. If buyers continue to step in, it will signal strength. However, if Bitcoin wobbles here, this critical support level might need to hold up against market pressure. Overall, the coming days may bring one of those quick shifts that seem obvious after the fact. The five-minute candle movements could significantly alter the picture.