Warning Signs Ahead: Bitcoin’s Bull Run in Jeopardy as John Bollinger Sounds the Alarm

Jakarta, Pintu News – The price of Bitcoin (BTC) has experienced a significant increase this year, even reaching a record high of $111,980.

But now the price has dropped to around $104,515, a 3% drop in the last 24 hours. This indicates that the strong rally that occurred may be starting to weaken.

John Bollinger, an experienced trader and creator of the Bollinger Bands indicator, warns.

He sees patterns that could signal that Bitcoin’s movement might slow down or experience a correction in the near future.

“Three Pushes to a High” pattern

In his tweet, John Bollinger shared a chart showing the “Three Pushes to a High” pattern.

Read also: Bitcoin Crashes to $104K — Is History Repeating Itself Like 2017? Massive Surge Incoming?

This pattern appears when the price touches the upper band of the Bollinger Band three times in a row, but fails to continue higher.

Typically, this pattern signals that the uptrend is starting to lose strength, and the price is likely to take a short break or even experience a small decline.

Looking at the shared chart, Bitcoin price was close to $108,000 and tested the upper band three times.

But after these pushes, the candle size starts to get smaller and the price movement starts to go up and down, no longer rising consistently. This is often a sign that buying pressure is starting to weaken and prices need to temporarily correct.

Why Traders Need to Pay Attention to This

Although John Bollinger doesn’t give direct predictions, the patterns he shows appear at quite important times.

Currently, the price of Bitcoin has dropped below $105,000, after almost touching $112,000 just a few weeks ago.

The previous rally came after Bollinger’s analysis in April, where he correctly identified a bullish pattern when BTC prices were still around $74,000.

Bollinger’s message is important because it reminds us that no rally lasts forever. The market always corrects, and traders need to be prepared for a change in price direction.

Polymarket Betting: Bitcoin’s Target High for 2025

On popular betting platform Polymarket, users have placed over $12 million worth of bets on where the Bitcoin price will be in 2025.

Read also: Webus International Limited Invests $300 Million in Ripple (XRP), What’s the Strategy?

Most are betting that the Bitcoin price will reach $120,000 by the end of this year, with the odds reaching 76%.

This optimistic outlook is fueled by the growing number of large institutions that have started investing in Bitcoin, leading many to believe that the price will continue to rise.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Bitcoin’s Bull Run May Delay – John Bollinger Warns Traders. Accessed on June 5, 2025