- Bitcoin is showing signs of uptrend exhaustion after repeated rejections at the upper Bollinger Band, with John Bollinger warning of a possible reversal or consolidation.
- Bitcoin faces strong resistance near $112,000, as technical patterns and geopolitical tensions raise concerns about the sustainability of its recent rally.
Bitcoin Price Faces a Critical Test at Upper Bollinger Band
Bitcoin’s powerful rebound from April’s sub-$75,000 lows is showing signs of exhaustion as technical indicators flash red. According to legendary trader John Bollinger—the creator of the Bollinger Bands volatility tool—BTC’s failure to break through the upper band resistance could mark the end of its short-term uptrend, potentially capping gains near $112,000.
Bollinger highlighted a textbook “three pushes” pattern following a “W-shaped” double bottom formation. These three upward surges, each ending at the upper Bollinger Band, indicate a fading rally. In his analysis shared on X (formerly Twitter), Bollinger stated that this pattern “just means the end of the prior trend,” warning of either a reversal or consolidation phase next.
Bitcoin Bulls Battle Liquidity Walls and Geopolitical Pressures
While many traders have been eyeing the $120,000 mark as the next breakout level, heavy sell-side liquidity between all-time highs and $120K is proving to be a significant barrier. These liquidity walls, combined with global macro uncertainties—especially tensions in the Middle East and US-China trade concerns—are dampening bullish momentum.
June has presented a tough landscape for Bitcoin bulls, who now face both technical and fundamental challenges. Narrowing Bollinger Bands typically hint at incoming volatility, but whether that leads to a breakout or breakdown remains unclear.
What Comes Next?
Bitcoin’s current consolidation below the upper Bollinger Band suggests that a new phase of market behavior may be starting. Traders will be watching closely to see if BTC can hold above key psychological levels like $100K—or if this pattern marks a broader shift toward correction territory.
With major resistance ahead and mounting global pressures, Bitcoin’s next move could define the rest of its 2025 trajectory.
