John Bollinger Sounds Alarm: Bitcoin’s Surge Past $115K Could Be a Dangerous ’Head Fake’

Bitcoin's latest rally just smashed through $115,000—but legendary trader John Bollinger warns this might be a trap. Here's why the market could be setting up for a brutal reversal.

Bollinger Bands creator spots trouble in paradise

The man who invented the most trusted volatility indicator in trading isn't buying the hype. When Bollinger speaks, crypto traders usually listen—especially when he drops the H-word ('head fake').

Wall Street's playing the same old games

Meanwhile, traditional finance giants are suddenly 'bullish' on crypto again (just in time to sell their bags). Funny how that works—almost like they've learned nothing from three previous boom-bust cycles.

One thing's certain: when volatility's this high, someone's about to get rich... and it probably won't be you.

Analysts See Resistance, Not Breakout

Crypto expert Ali Martinez warned that Bitcoin faces a major resistance at $117,000. Below current levels, there’s little support between $113,000 and $108,000, creating what he called an “air gap.” Martinez added that Bitcoin could even drop to $95,000, especially if volatility increases.

Tariffs Add Pressure

Geopolitical tensions could also weigh on Bitcoin. The 25% tariffs imposed by President TRUMP on India, that will go into effect on August 7, threaten to turn into a BRICS-led trade war with Brazil and India prepared to fight back.

Also Read: Bitcoin Dips Below $115K After Trump’s Fresh Tariff Orders