John Bollinger Warns of ‘Head Fake’ Amid Bitcoin Price Rebound, Here’s His Analysis!

Jakarta, Pintu News – The creator of Bollinger Bands, John Bollinger, recently gave a warning about Bitcoin price movements that could fool many market participants. This analysis comes as Bitcoin (BTC) and several other cryptocurrencies are showing signs of price recovery, but Bollinger suggests that this may just be a false move.

Check out the full analysis in this article!

John Bollinger Technical Analysis

John Bollinger, legendary analyst and creator of the Bollinger Bands indicator, revealed via social network X that Bitcoin (BTC) and several other cryptocurrencies are experiencing a so-called “head fake” after experiencing a Bollinger Band Squeeze.

This term, which comes from the world of basketball, describes an asset that suddenly moves sharply in one direction before reversing, often taking traders by surprise.

Bollinger added that similar patterns are not seen on the charts of crypto exchange-traded funds (ETFs) because they do not trade on weekends. This suggests that crypto market dynamics can be quite different from traditional markets, especially during periods of high volatility.

Read also: Michael Saylor: “Bridge to Tomorrow”, Any Link to Bitcoin?

Bitcoin’s Difficult Position

According to crypto analyst Ali Martinez, Bitcoin (BTC) price is currently in a difficult position. There is a huge wall of resistance at $117,000, while below it is a large gap with little support between $113,000 and $108,000. This suggests that Bitcoin (BTC) is more likely to experience a decline than continue its sustained bullish momentum.

Martinez also mentioned the possibility that Bitcoin (BTC) price could drop below $100,000, possibly even reaching $95,000. Factors such as Trump’s tariffs that will come into effect on August 7 could contribute to a potential drop in Bitcoin (BTC) price.

In addition, Brazil wants to call on the BRICS Alliance to form a common front against reciprocal tariffs, which could trigger a full-fledged trade war.

Also read: Crypto Billionaire Adam Weitsman Acquires Over 5,000 NFTs from Yuga Labs!

Tariff Impact and Market Predictions

Trump’s imposition of an additional 25% tariff on India, which already has a 25% reciprocal tariff on goods from India, could worsen the global trade situation. This not only affects traditional financial markets but also has a significant impact on crypto markets, including Bitcoin (BTC).

Bollinger’s previous timely prediction in early July that Bitcoin (BTC) was preparing for a breakout has been proven. Bitcoin (BTC) subsequently hit a new record high of $122,838 on July 14. This shows the importance of paying attention to technical analysis in navigating volatile markets.

Conclusion

With the market situation constantly changing and full of uncertainty, it is important for investors and traders to stay alert to market signals and use technical analysis tools such as Bollinger Bands. Understanding and anticipating moves like the “head fake” can be key in making the right investment decisions in the crypto market.

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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

• Coingape. John Bollinger Warns of Head Fake as BTC Price Bounces. Accessed on August 8, 2025
• U.Today. John Bollinger Issues Bitcoin Head Fake Warning. Accessed on August 8, 2025
• Featured Image: Generated by AI