Bitcoin’s $112K Dream Fades—Is the Bull Run Doomed?

June 13, 2025, Crypto Markets Desk— The meteoric rise of Bitcoin from April's $75,000 lows to $110,000 has encountered a technical obstacle, as the upper Bollinger Band has repeatedly rejected price action since April. On June 13, 2025, John Bollinger, the renowned inventor of the volatility metric, cautioned that the local uptrend might be coming to an end, indicating potential challenges for bulls.

“Three pushes now confirmed,” he noted, signaling a potential end to Bitcoin’s bullish momentum.

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Bollinger Bands Sound the Alarm

Bollinger Bands, a popular tool for tracking Bitcoin's extreme fluctuations, have presented a dismal outlook. After a “W”-shaped double bottom in April, Bitcoin delivered three upward surges, each kissing the upper band before retreating.

This pattern, Bollinger argues, marks the exhaustion of the uptrend. A failure to break $110,000 could usher in consolidation—or a deeper reversal—leaving traders on edge as BTC hovers at $104,720.

Sellers and Geopolitics Pile On

Beyond technical factors, Bitcoin encounters numerous challenges. Large ask liquidity walls between $110,000 and $120,000 are stifling price discovery, with long-term holders cashing out at peak levels.

Geopolitical chaos, including Israel’s strikes on Iran and US-China trade tensions, adds further pressure, shaking investor confidence in risk-on assets like Bitcoin.

Did you know?
In 2017, Bitcoin’s Bollinger Bands narrowed to historic lows, sparking a 20x rally to $20,000 within months.

Can Bulls Defy the Odds?

Despite the bearish signals, Bitcoin’s macro trend remains bullish, with institutional inflows and ETF buys providing tailwinds. Yet, retail greed is spiking, often a precursor to local tops.

If Bitcoin holds the $104,000–$106,000 zone, a bounce is possible; a break below could see $101,000 next. Traders are watching Bollinger’s next move closely—his bands have called major turns before.

What’s Bitcoin’s Next Move?

As global tensions rise and Bollinger Bands turn red, the fate of Bitcoin remains uncertain. Will bulls muster the strength to push past $110,000, or is a brutal correction coming?