#IsraelIranConflict Bitcoin price Bollinger Bands 'failure' risks end of uptrend at $112K
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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.
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.
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.
Bitcoin bull run barriers stack up
As Cointelegraph continues to report, Bitcoin faces multiple hurdles to price discovery after making swift gains in May.