Bitcoin Rally May Slow: John Bollinger Identifies Potential Exhaustion

The price of bitcoin has recently experienced a surge, but recent analysis from technical expert John Bollinger suggests this momentum might be waning. He points to an indicator known as the ‘three pushes up’ pattern, following a ‘W’-shaped bottom, which may signal exhaustion in the current rally. This pattern suggests a potential pause or even a reversal after reaching resistance around $110,000.