Bitcoin price Bollinger Bands ‘failure’ risks end of uptrend at $112K
Bitcoin Bollinger Bands analysis leads to potentially grim conclusions about the fate of the BTC price rebound, which began at sub-$75,000 lows in April.
Key points:
BTC price action has rejected from the upper Bollinger Band several times since April.
The metric’s creator now sees the potential for the local uptrend to end altogether.