Bitcoin Price Weakens—Bollinger Bands Hint at Trend Shift

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Bitcoin Bollinger Bands analysis leads to potentially grim conclusions about the fate of the BTC price rebound, which began at sub-$75,000 lows in April.

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 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.


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