Bitcoin Bollinger Bands Warnings Shows BTC Price Rejection in What Could Lead to Consolidation
The post Bitcoin Bollinger Bands Warnings Shows BTC Price Rejection in What Could Lead to Consolidation appeared on BitcoinEthereumNews.com.
Key points: BTC price action has rejected from the upper Bollinger Band several times since April. The metric’s creator now sees the potential for the local uptrend to end altogether. Bitcoin bulls face multiple headwinds in June. Bitcoin (BTC) is signalling the end of its local uptrend after rejection at $110,000, one of the best-known trading names says. In X posts on Friday, John Bollinger, famous for creating the Bollinger Bands volatility metric, called time on Bitcoin’s comeback from April lows. Bollinger Bands rejection points to BTC price trouble Bitcoin has displayed classic uptrend behavior since reversing from multimonth lows near $75,000 in early April, Bollinger argued. Reviewing BTC price action over the past two months, the analyst delineated the rebound into three sections. After a “W-shaped” double bottom on the Bollinger Bands, BTC/USD delivered three “pushes” higher, each with a brief top and consolidation phase. Each push also offered a trip to the upper Bollinger Band. Now, after failing to hold all-time highs and continue, the entire local trend could be over. “Three Pushes now confirmed,” Bollinger wrote in the accompanying commentary. BTC/USD chart with Bollinger Bands data. Source: John Bollinger/X Discussing the data, he stipulated that three pushes “just means the end of the prior trend” and that the rejection “could usher in a reversal or a consolidation” next. Bollinger Bands are one of the most popular volatility indicators used to chart Bitcoin and crypto market trends. A narrowing of the bands tends to precede periods of volatility, with BTC/USD frequently encountering unusually “narrow” periods in recent years. Bitcoin bull run barriers stack up As Cointelegraph continues to report, Bitcoin faces multiple hurdles to price discovery after making swift gains in May. Related: $100K becomesbulls” key level: 5 things to know in Bitcoin this week In addition to…
Filed under: News - @ June 13, 2025 10:21 pm