Bitcoin’s recent price surge has cooled down in June after hitting a record high of $111,980 last week. Now, the cryptocurrency is trading within the $104,000 range as technical indicators signal potential volatility. The daily Bollinger Bands, reflecting volatility and trend shifts, have narrowed since May’s peak. This reduction in volatility has pushed Bitcoin’s price near the lower half of its range, hovering around $104,278. A drop below the lower band could trigger a rebound back to the six-figure mark. 6-figure Bitcoin is now considered an established baseline following a significant price breakout in Q2 from the $70,000-$90,000 range it had been trapped within for months. Now we are testing this point.