On June 4, he shared a chart highlighting a classic technical pattern he calls a “Three Pushes to a High.” The pattern appeared as Bitcoin approached the $88,000 mark, signaling a potential pause—or even reversal—in the current bullish trend.

“A picture perfect ‘Three Pushes to a High’ Bollinger Band Pattern marked the end of this rally phase for $BTCUSD,” Bollinger noted on X (formerly Twitter).

A Technical Warning Near the Top?

The “Three Pushes to a High” formation consists of three distinct upward surges, often ending with diminishing momentum. According to Bollinger, this pattern typically shows up when markets are overstretched and nearing exhaustion. While it doesn’t guarantee a top, it frequently aligns with a local peak—especially when paired with parabolic price action.