Bitcoin’s Big Fake: The Drama, the Drama, and the Fakeout! 🚀🤥

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Well, isn’t this just the crypto version of when you think you’ve met someone amazing at first glance, only to find out they’re wearing Dunkirk shorts? Bitcoin swaggered past $115,000 today-hit a cheeky high of $115,670-because apparently, it enjoys playing hard to get. But hold your horses, because John Bollinger, the OG of those fancy Bollinger Bands, says this might just be a “head fake” – like a bad magic trick, but with more chart nonsense.

On his little social soapbox (X, whatever), Bollinger declared Bitcoin and its crypto mates pulling a quick switcheroo after what looks like a classic Bollinger Band Squeeze. The sort of move that screams “major shift in volatility,” or just some trader’s way of messing with your head. Funny, no? The ETFs aren’t buying it, though-they’re probably busy sleeping on weekends, so they miss the drama while everyone else is losing and winning in the same breath.

“Bitcoin $BTCUSD and others are staging a head fake after a Bollinger Band Squeeze. Weird that ETFs don’t show this-they’re just chilling, not trading weekends or holidays. Traders, try not to fall for this one!” – John Bollinger (@bbands) August 6, 2025

Yeah, so Bollinger’s warning lights are blinking with “Careful, guys.” The what-might-go-wrong is that the price could suddenly decide to rebelliously drop back down, just when everyone thought they’d cracked the code. Plus, some political news about Donald Trump considering swapping out a Fed governor for someone more rate-cut friendly added a sprinkle of hope (or chaos), which made crypto liven up for a hot second before tumbling back to a modest $114,311-up just a teeny tiny bit in the grand scheme of things.

Resistance? More Like a Boring Wall

So, the wise-wizards of crypto, like Ali Martinez, are saying Bitcoin’s got a “resistance” at $117K-like a bouncer at the nightclub of your dreams. And below that? It’s pretty much a gap-an air gap-where your hopes might just cloud over faster than your favorite coffee. He even hinted it could nose-dive to a pretty gloomy $95K if volatility gets angry enough.

Trade Wars and Tariffs: Because Why Not?

And if that wasn’t enough, geopolitical tensions are throwing their weight around. Thanks to Trump’s brilliant idea of slapping 25% tariffs on India, the trade war’s looking more like a blockbuster sequel, with Brazil and India prepared to jump into the chaos. Charming, right?

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2025-08-07 10:49