Bitcoin price analysis indicates a potential end to its local uptrend after facing multiple rejections from the upper Bollinger Band since April 2025. John Bollinger, the creator of the Bollinger Bands volatility metric, suggests that these rejections signify troubles ahead for Bitcoin's price rebound, which started from below $75,000. He outlines that the price action has formed a classic uptrend pattern consisting of three distinct pushes, each followed by brief periods of consolidation. However, after failing to sustain all-time highs around $110,000, he posits that this pattern may signal an impending reversal or consolidation phase for the cryptocurrency. Additionally, numerous barriers exist beyond current highs, including significant selling pressure and geopolitical tensions that could affect market dynamics, as noted by trading firm QCP Capital. Despite these challenges, Bitcoin has shown resilience, indicating strong institutional demand in the market.

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