Bitcoin Bollinger Bands shows BTC’s rejection of prices in what could lead to uniformity after its levels at all.

Main points:

• Bollinger Band has been rejected several times since April.

• The standard of the scale now sees the possibility of the local upward trend.

• Bitcoin Bulls face the opposite winds of multiple directions in June.

Bitcoin (BTCIt refers to the end of the local upward trend after rejection at $ 110,000, says one of the most famous trading names.

in X jobs On June 13 /

Bollinger Bands refusal points to a BTC price problem

Bitcoin has offered a classic behavior of emerging translation since the opposite Its lowest levels near $ 75,000 In early April, John Bolinger argues.

Review the BTC price for the past two months, the famous analyst has set the bounce to three distinct sections.

After a “W” dual bottom on Bollinger, BTC/USD delivered three “higher” batches, each of which is separated with a short and unification stage. Each batch also offered a trip to the upper Bollenger Band.

Now, after failing to keep its highest levels ever and continuity, the entire local direction may end.

“Three batches have now been confirmed,” Bolinger wrote in part of the accompanying comment.

discussion The data stipulated that three payments “mean just the end of the previous direction” and that rejection “can enter into a reflection or unification” after that.

Paulinger domains are one of The most popular fluctuation indicators Used to draw bitcoin and encryption market trends. The tightening of the tapes tends to precede the fluctuation periods, with a frequent confrontation Unusually “narrow” periods In recent years.

Bitcoin Bull Run Up barriers

As Cointelegraph continues to report, Bitcoin faces multiple obstacles to discovering prices after rapid gains in May.

Related to: $ 100,000 becomes the main bulls level: 5 things that must be known in Bitcoin this week

In addition to the resistance of the Bollengerer O senior band, sellers placed Large liquidity blocks ask Between the highest levels of all ever and $ 120,000.

Geopolitical events It focused on the repercussions of the Middle East and the United States of Chinese, the complexity of the bulls.

“The tensions have now returned to the levels that were last seen in April,” The QCP Capital has warned Telegram subscribers while discussing encryption assets and risk.

“The markets stumble in linking, and prepare for more escalation or sudden axis towards canceling the escalation through diplomatic channels.”

QCP acknowledged that Bitcoin, in particular, “has been relatively flexible, confirming the continuous institutional demand.”

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