Is Bitcoin About to Make a Dramatic Turn? You Won’t Believe What John Bollinger Just Revealed! 😲

It is with no small measure of astonishment that I must inform you that Bitcoin has, in a most remarkable fashion, completed a technical setup of considerable repute, one that may very well dictate its forthcoming trajectory. This development has not escaped the notice of our esteemed traders, particularly after the illustrious John Bollinger has brought it to light in his latest chart update, which, I daresay, has caused quite a stir among the financial gentry.

The pattern in question is a delightful amalgamation of a “W” bottom, followed by the rather audacious “Three Pushes to a High.” Such a structure is, I assure you, a rather commonplace occurrence in the realm of technical analysis, often making its appearance at the conclusion of vigorous trends. The price of Bitcoin, in its recent escapades, has formed a rounded bottom between the months of March and April, subsequently ascending in three distinct waves, reaching the lofty heights of just above $110,000, before, alas, losing its momentum like a gentleman who has overindulged at a dinner party.

Mr. Bollinger, in his infinite wisdom, first drew attention to the W setup back in April, and on the twelfth of June, he graciously shared a chart adorned with his annotations. This chart, I must say, revealed that the third push has now met with failure—a small yet significant alteration that may very well serve as a turning point in our narrative.

While one must not be so bold as to assert that this pattern guarantees a reversal, it does suggest that the previous trend is losing its vigor, and a new phase—be it a languid sideways consolidation or a correction of sorts—may be on the horizon.

At present, the price action finds itself languishing just below the middle Bollinger Band, a most critical area that warrants our attention. Should Bitcoin manage to maintain this level, it may very well drift sideways, gathering its strength for the next grand adventure. However, should it dip below, we might be faced with a more substantial pullback towards the lower band, which hovers around the rather uninviting figure of $94,000.

Yet, should there be a vigorous bounce accompanied by a surge in volume, it may indicate that the trend is not, in fact, cooling off as one might have feared.

This discourse is less about proclaiming a definitive peak and more about recognizing that the structure of the rally has undergone a transformation. The market’s next move shall undoubtedly set the tone for the remainder of the quarter, and at this juncture, all eyes are upon the buyers to see if they possess the requisite energy to elevate prices once more.

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2025-06-13 13:35