<ul><li>Technical analyst John Bollinger has identified a 'Three Pushes to a High' pattern in Bitcoin as it nears the $88,000 mark, indicating a potential pause or reversal in the bullish trend.</li><li>The pattern signifies three distinct upward surges with diminishing momentum, often seen when markets are overextended and near exhaustion, hinting at a possible local peak.</li><li>While the pattern doesn't guarantee a full reversal, it typically precedes retracements or consolidation phases, prompting traders to be cautious and consider tightening stops or reassessing risk exposure.</li><li>With Bitcoin climbing into the mid-$80,000 range over nearly two months, the 'Three Pushes to a High' formation suggests a potential loss of momentum among buyers, emphasizing the need for fresh catalysts to sustain the rally.</li></ul>

Bitcoin Rally Flashing Caution: Bollinger Spots ‘Three Pushes to a High’ Pattern

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