Bitcoin in danger of weakening again? Bollinger Bands indicator gives this sign!
Jakarta, Pintu News – Bitcoin closed the month of May 2025 with a stunning performance, but technical signals point to dark clouds in early June. After setting a new record high of $111,980 or around Rp1.827 billion, Bitcoin price has started to correct and is now hovering around $104,000 or Rp1.698 billion.
This decline has sparked concern among technical analysts, especially since the Bollinger Bands indicator is showing signs of selling pressure. This situation begs the question: will Bitcoin price fall back below the psychological level of $100,000?
Pressure Signal from Bollinger Bands
The Bollinger Bands indicator is a popular tool for analyzing market volatility and potential trend reversals. In Bitcoin’s current case, the indicator is showing a narrowing of the bands-a classic sign that volatility is falling. The price is moving closer to the bottom of the band, which signals the potential for increased downward pressure. Currently, the price of BTC is hovering around $104,278 (Rp1.701 billion), close to the middle line of the band.
If the price continues to fall and breaks the lower limit of the Bollinger Bands, a potential drop below IDR1.632 billion ($100,000) becomes very likely. While this level was previously considered a theoretical limit, many market participants now consider it the new baseline. If Bitcoin fails to maintain this level, the impact could spill over to other altcoins and decrease the positive sentiment towards the cryptocurrency market as a whole.
Also Read: 3 Latest Airdrop Tokens to Follow in Early June 2025!
Weak Volume and Indications of Market Indecision
In addition to the Bollinger Bands, the trading volume also shows a significant downward trend. The daily chart shows small candles reflecting indecision among buyers and sellers. Strong resistance at around IDR1.731 billion ($106,000) has not been consistently broken. This strengthens the possibility that the market is undergoing a consolidation phase or even a deeper correction.
Although the weekly chart still shows a long-term uptrend, the short-term signals paint a different picture. The first weekly red candle in June shows that the bullish momentum is starting to lose steam. In the next few days, the market will test whether this is just a healthy correction or the beginning of a major trend reversal that will bring Bitcoin back to the five-digit range.
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The current state of the Bitcoin market reflects high uncertainty among crypto investors. With technical indicators such as Bollinger Bands warning of a potential decline and weakening trading volumes, the market is bracing for a possible significant correction. Whether this is just a temporary dip or the start of a new bearish trend, it remains to be seen. What is clear is that investors need to be more vigilant and carefully consider their asset protection strategies.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- U.Today. $100,000 Bitcoin in Danger, Bollinger Bands Warn. Accessed June 2, 2025.
- Featured Image: Generated by AI
