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.

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