Bitcoin Price Set to Dive? Chart Nerds Spot Déjà Vu with Bollinger Bands!

Oh, look—Bollinger Bands are making a comeback. And not in the “hey, remember flared jeans?” way, but in the “brace yourself, darling, it’s déjà vu all over again” way. The last time Bitcoin flirted this persistently with its upper band, it plummeted from a nose-bleed peak, got dumped by $30,000, and crash-landed barely above $74,000. Ouch.

Picture this: Bitcoin’s price, acting like that guest at a party who laughs at all their own jokes, keeps hanging around the top and refuses to leave. For weeks. Then, very slowly, it shuffles down the stairs as everyone pretends not to notice the awkwardness (the market gets “unstable,” but honestly, who isn’t these days?).

Guess what’s happening now? Yep, more moody loitering near the upper band—this time around $108,900—and that flattening, “I’ve-seen-this-rom-com-before” vibe. No dramatic collapse… yet. But if you’re into reboots (and who isn’t, apparently), the signs are eerily familiar.

Let’s talk about the lower Bollinger Band: sitting pretty at $74,200, exactly where Bitcoin belly-flopped last time. Does the market need to panic to reach it? Not really! Just a continued lack of enthusiasm—something the crypto community excels at during bear phases. Meanwhile, the RSI is sulking below 64, which technically isn’t “ALARM!” but it did whisper “uh-oh” right before the last nosedive.

Okay, so… nothing earth-shattering. Not yet. Bitcoin is still high-stepping above crucial short-term levels (cue nervous optimism). That’s the real twist. It’s not about sudden doom and “sell everything!” tweets. Instead, all the gloomy technical details are lining up again, ready for a rerun. Slow. Subtle. Brutal.

There is hope for the bulls—they can still change the story before we end up watching the same sad movie twice. But if your idea of living dangerously is ignoring technical indicators with names like “Bollinger Bands,” go on—live a little. 🐂💀🚀

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2025-07-08 17:40