BE SHORT AFTER $10.3K BITCOIN PRICE HEAD FAKE, VETERAN TRADER WARNS

Last updated: June 19, 2025, 22:25 | Written by: Jesse Powell

Bitcoin, the digital gold that’s captivated investors and sparked endless debates, recently flashed some bullish signals, briefly touching $10,300. What Is A Head Fake In Trading? A head fake in trading is an unexpected reversal of a crypto s price. Reversals can occur in two ways: upside and downside. If we have an upside head fake, the price will go up, but then quickly come down. If we have a downside head fake, the price will go down but quickly recover.However, veteran market watchers are urging caution. Be Short After $10.3K Bitcoin Price Head Fake, Veteran Trader WarnsRenowned analyst John Bollinger, creator of the Bollinger Bands indicator, suggests this upward movement might be a head fake, a deceptive maneuver designed to lure in unsuspecting bulls before a potential price correction.This warning echoes sentiments from other seasoned traders, including Peter Brandt, who famously predicted Bitcoin's 2018 downturn.Brandt is now flagging the possibility of Bitcoin losing its upward momentum after the market-wide correction.But what exactly constitutes a head fake, and how can investors navigate these choppy waters? A brief breakout into bullish territory for BTC/USD was a red herring, says John Bollinger, who is urging Caution among traders.[BREAK] Listen to article Markets News Bitcoin hitting highs of $10,300 this week isn't a breakout and investors should brace for losses, renowned analyst John Bollinger has warned.[BREAK] In a tweet on June 2, the Bollinger Bands indicator creator said that theAre we on the verge of another significant drop, or is this just a temporary setback before Bitcoin embarks on another rally?The answers, as always in the world of crypto, are complex and require a nuanced understanding of market dynamics, technical analysis, and a healthy dose of skepticism. Powerful tools, designed for the advanced trader. Powerful analytical tools with the safety and security of Coinbase deliver the ultimate trading experience. Tap into sophisticated charting capabilities, real-time order books, and deep liquidity across hundreds of markets. Start tradingLet's delve deeper into the analysis and unravel the potential scenarios that could unfold in the coming weeks, examining both the bearish and bullish perspectives.

Understanding the Bitcoin Head Fake: What it Means for Traders

A head fake, in trading terms, is a false signal that deceives investors into thinking the price is moving in one direction when, in reality, it reverses course unexpectedly. Trump vs Musk Feud Causes $170BB Crypto Bloodbath - This COIN Set To Explode Join the live Zoom call at londonreal.tv/zoomFor example, the recent push towards $10,300 might have tempted some to open long positions, anticipating further gains. Powerful tools, designed for the advanced trader Powerful analytical tools with the safety and security of Coinbase deliver the ultimate trading experience. Tap into sophisticated charting capabilities, real-time order books, and deep liquidity across hundreds of markets.However, if Bollinger's warning proves accurate, the price could swiftly decline, leaving those traders holding the bag.

Identifying Potential Head Fakes

Identifying a head fake is challenging, but here are some indicators to watch for:

Low Volume Breakouts: A price surge on low trading volume is often unsustainable and more likely to be a head fake.
Rejection at Resistance Levels: If the price approaches a key resistance level (like $10,300 in this case) and fails to break through convincingly, it could signal a potential reversal.
Divergence in Indicators: Watch for divergences between the price action and technical indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD). Bitcoin Cash BCH $ 397.00 Toncoin TON $ 3.16 Shiba Inu SHIB $ 0.00 Hedera HBAR $ 0.17 Litecoin LTC $ 87.16 Polkadot DOT $ 3.90 Monero XMR $ 324.67 Ethena USDe USDe $ 1.00 Bitget Token BGB $ 4.60 Dai DAI $ 1.00 Pepe PEPE $ 0.00 Pi PI $ 0.62 Aave AAVE $ 251.76 Uniswap UNI $ 6.02 Bittensor TAO $ 367.82 OKB OKB $ 51.40 Aptos APT $ 4.62 Cronos CROFor example, if the price is making new highs but the RSI is not, it could indicate weakening momentum.
News and Sentiment: Be wary of price movements driven by hype or unsubstantiated rumors. The price recently broke below a critical support level near $92,333 after being rejected at the sloping resistance line above $108,000. Brandt s analysis highlights a potential target zone around $76,614, suggesting Bitcoin might test lower levels in the $70,000 range. The trader has positioned his stop-loss at $108,358, just above theSolid, fundamental factors should support genuine rallies.

It's crucial to remember that no single indicator is foolproof. Be Short After $10.3K Bitcoin Price Head Fake, Veteran Trader Warns cointelegraph.com, UTC cointelegraph.comA combination of factors and a critical evaluation of the overall market context are essential for assessing the likelihood of a head fake.

Veteran Trader Peter Brandt's Bearish Outlook on Bitcoin

Peter Brandt, a highly respected figure in the trading community, has expressed concerns about Bitcoin's current trajectory. I was distraught when I read a recent article on Cointelegraph Be Short After $10.3K Bitcoin Price 'Head Fake,' Veteran Trader Warns by William Suberg.Suberg believes that Bitcoin's rise to $10,300 recently, as well as the general progress BitcoinHis track record of accurately predicting market movements lends weight to his analysis. After weeks of sideways consolidation, Bitcoin suffered a nasty breakdown from its range and a 10% intraday plunge. The scenario, however, could potentially be a whats referred to as a head fake that in the coming weeks reverses back to above $31,000.Brandt’s main concern stems from the potential loss of bullish momentum.He suggests that the recent crypto market correction is a worrying sign, potentially setting the stage for a more substantial decline. After weeks of sideways consolidation, Bitcoin suffered a nasty breakdown from its range and a 10% intraday plunge. The scenario, however, could potentially be Why A Bitcoin Head Fake Is Bulls Best HopeBrandt also emphasizes the historical perspective. nl analist John Bollinger, bu hafta 10.300 dolara ulaşan Bitcoin'in (BTC) kırılma yaşamadığını ve yatırımcıların oluşan kayıplara destek vermesi gerektiğini s yledi. 2 Haziran'da tweet g nderen Bollinger Bandı indikat r n n geliştiricisi, en b y k kripto para biriminin ayın en y ksek seviyesine olan kısaHe cautions that previous Bitcoin corrections have often taken months, if not longer, to resolve. Bollinger Bands creator warns Bitcoin bulls as BTC price struggles below $50K Bitcoin Price Will Explode Says Trader if BTC Breaches $13,000 Be Short After $10.3K Bitcoin PriceHe criticizes those who constantly hype Bitcoin regardless of its price, suggesting a lack of objectivity in their analysis.

According to Brandt's technical analysis, Bitcoin recently broke below a critical support level near $92,333 after being rejected at the sloping resistance line above $108,000. Skip to main content Bitcoin Insider. MenuHis analysis highlights a potential target zone around $76,614, suggesting Bitcoin might test lower levels in the $70,000 range.He has positioned his stop-loss at $108,358, just above the resistance line.

John Bollinger's Warning and the Bollinger Bands Indicator

John Bollinger, the creator of the widely used Bollinger Bands indicator, is another voice of caution.He specifically points to the brief surge to $10,300 as a potential ""red herring,"" urging traders to be wary of potential losses. In a tweet today, the veteran trader revealed that he has opened a long position on Bitcoin, expecting the asset to continue its newfound bullish momentum. The disclosure comes amid Bitcoin s quick-fire ascent above $93,000.Bollinger Bands are a technical analysis tool that consists of a simple moving average (SMA) and two bands plotted above and below the SMA, representing standard deviations from the moving average.

The bands widen and contract with volatility, providing insights into price fluctuations. Bitcoin Price Watch: Cup and Handle Pattern Signals Potential Surge. At 8 a.m. Eastern time, bitcoin is trading at $104,881 to $105,266 over the past hour, with aWhen the price touches or exceeds the upper band, it suggests that the asset may be overbought and due for a correction. Legendary trader Peter Brandt warns that XRP could drop to $1.07, citing a bearish Head and Shoulders (H S) pattern even as Ripple case reaches settlement.Conversely, when the price touches or exceeds the lower band, it suggests that the asset may be oversold and due for a bounce.In this context, Bollinger’s warning implies that the move to $10,300 pushed Bitcoin into overbought territory, making it vulnerable to a pullback.

Analyzing Bitcoin's Price Action and Market Dynamics

To understand the current situation, it's crucial to analyze Bitcoin's recent price action within the broader market context.

Sideways Consolidation: Prior to the brief surge to $10,300, Bitcoin had been trading sideways for weeks, indicating a period of indecision.
Sudden Breakdown: The consolidation phase was followed by a sharp breakdown, with Bitcoin experiencing a 10% intraday plunge. Renowned analyst John Bollinger warns traders about the recent breakout of Bitcoin's price to $10.3K, urging caution and suggesting potential losses. The chart reveals the presence of two distinct types of stocks in the market.This volatility underscores the inherent risks in the cryptocurrency market.
Potential for a Reversal: While the breakdown was concerning, some analysts suggest that it could be a ""head fake"" designed to shake out weak hands before a potential rally.

The market dynamics are further influenced by factors such as regulatory developments, institutional adoption, and macroeconomic trends.Any significant news or events in these areas could trigger substantial price swings in either direction.

The Bullish Counter-Argument: Why Bitcoin Might Recover

While many analysts are expressing caution, it's important to acknowledge the bullish arguments for Bitcoin's potential recovery.After all, investing is not without risks and rewards.In the world of Bitcoin, there may be more volatility that investors are able to tolerate.

Historical Patterns: Some analysts point to historical patterns that suggest Bitcoin's pullbacks are often followed by strong rallies. Veteran trader Peter Brandt has warned that bitcoin's price corrections have taken many months in the past and it may take some time for the price of the cryptocurrency to hit another all-time high. He criticized bitcoin's proponents for constantly hyping the crypto regardless of the price.Drawing parallels to previous market cycles, they argue that the recent correction is merely a temporary setback.
Institutional Interest: The growing interest from institutional investors is a positive sign for Bitcoin's long-term prospects.As more institutions allocate capital to Bitcoin, it could drive demand and push prices higher.
Technological Advancements: Ongoing developments in Bitcoin's technology, such as the Lightning Network, are aimed at improving scalability and usability.These advancements could make Bitcoin more attractive to users and investors alike.
Inflation Hedge: Some view Bitcoin as a hedge against inflation, arguing that its limited supply makes it a store of value in times of economic uncertainty.

Pseudonymous Crypto Trader Rekt Capital's Perspective

Pseudonymous crypto trader Rekt Capital offers a contrarian perspective, suggesting that the recent pullback is aligned with historical patterns.According to Rekt Capital, Bitcoin's 15% drop from its recent all-time high mirrors similar corrections observed in previous market cycles. Veteran trader Peter Brandt is warning that Bitcoin is on the verge of losing all bullish momentum following the marketwide crypto correction. Brandt, who gained legendary status after calling the crypto king s meltdown in 2025, tells his 698,500 X followers that Bitcoin is now at risk of canceling out its recent uptrend as it approaches aThis viewpoint challenges the prevailing bearish sentiment and suggests that the current downturn might be a normal part of Bitcoin's growth trajectory.

Actionable Advice for Bitcoin Investors

Given the uncertainty surrounding Bitcoin's price action, here is some actionable advice for investors:

Manage Your Risk: Never invest more than you can afford to lose. Ethereum just suffered a $1.4B hack, draining Bybit s cold wallet in one of the biggest crypto exploits ever. Now, the crypto world is split should EthereumCryptocurrency investments are inherently risky, and price swings can be substantial.
Use Stop-Loss Orders: Employ stop-loss orders to limit potential losses.This is particularly important in volatile markets like Bitcoin.
Diversify Your Portfolio: Don't put all your eggs in one basket.Diversify your investments across different asset classes to mitigate risk.
Do Your Own Research (DYOR): Don't rely solely on the opinions of others.Conduct your own research and make informed decisions based on your own analysis.
Stay Informed: Keep abreast of the latest news and developments in the cryptocurrency market. Pseudonymous crypto trader Rekt Capital said in a Jan. 10 X post that Bitcoin s 15% pullback from its brief all-time high of $108,000 on Dec. 17 aligns with patterns seen in previous cycles.This will help you make more informed investment decisions.
Consider Dollar-Cost Averaging (DCA): Instead of trying to time the market, consider investing a fixed amount of money at regular intervals.This strategy can help you smooth out your returns over time.
Be Patient: Bitcoin investments require patience. Bitcoin (BTC) hitting highs of $10,300 this week isn t a breakout and investors should brace for losses, renowned analyst John Bollinger has warned. In a tweet on June 2, the Bollinger BandsDon't panic sell during downturns.Focus on the long-term potential of the asset.

The Importance of Technical Analysis in Bitcoin Trading

Technical analysis plays a crucial role in Bitcoin trading. Source code of the paper: RetrievalQA: Assessing Adaptive Retrieval-Augmented Generation for Short-form Open-Domain Question Answering [Findings of ACL 2025] - hyintell/RetrievalQABy studying price charts, trading volumes, and technical indicators, traders can gain insights into potential price movements.Bollinger Bands, RSI, MACD, and Fibonacci retracements are just a few of the tools used by technical analysts.

However, it's important to recognize the limitations of technical analysis. Bitcoin, hat diese Woche ein Hoch von 10.300 US-Dollar erreicht. Das ist kein Ausbruch und Anleger sollten sich auf Verluste gefasst machen, so der renommierte Analyst John Bollinger. Das ist kein Ausbruch und Anleger sollten sich auf Verluste gefasst machen, so der renommierte Analyst John Bollinger.It's not a crystal ball that can predict the future with certainty. However, not all analysts are convinced that the drop in Bitcoin s price will last long. Pseudonymous crypto trader Rekt Capital said in a Jan. 10 X post that Bitcoin s 15% pullback from its brief all-time high of $108,000 on Dec. 17 aligns with patterns seen in previous cycles.It's a tool that provides insights into probabilities, but it should be used in conjunction with other forms of analysis, such as fundamental analysis and sentiment analysis.

What Is A Head Fake In Trading, Really?

A head fake, as mentioned before, is a deceptive maneuver that can trap unsuspecting traders.It's essential to understand how head fakes work to avoid falling victim to them. 🚨MASSIVE SIGNAL: The anti-crypto era is officially ending🚨🔹BitMEX founder @CryptoHayes: Pardoned🔹Hawk Tuah Girl s token: SEC dropped the case🔹FDIC rulesA head fake typically involves a sudden price movement in one direction, which lures in traders who expect the trend to continue.However, the price then quickly reverses, catching those traders off guard and causing them to incur losses.

The key to avoiding head fakes is to be patient, wait for confirmation, and use stop-loss orders.Don't jump into a trade based solely on a single price movement. O Bitcoin (BTC) atingindo m ximos de US$ 10.300 esta semana n o uma novidade e os investidores devem se preparar para perdas, alertou o renomado analista John Bollinger. Em um tweet em 2 de junho, o criador do indicador Bollinger Bands disse que a breve viagem da maior criptomoeda aos m ximos de tr s meses foi uma anomalia.Wait for the price to confirm the trend before entering a position.And always use stop-loss orders to limit your potential losses if the price reverses against you.

Powerful Trading Tools for Advanced Bitcoin Traders

Advanced Bitcoin traders often use sophisticated trading tools to enhance their analysis and execution. In a shocking turn of events, Trump proposes a tariff-free trade pact with Canada that could revolutionize North American trade as we know it! Meanwhile, theThese tools include:

Advanced Charting Platforms: Platforms like TradingView offer a wide range of charting tools, technical indicators, and drawing tools.
Real-Time Order Books: Order books provide a view of the buy and sell orders that are currently placed on an exchange.This information can help traders gauge market sentiment and identify potential support and resistance levels.
Deep Liquidity: Access to deep liquidity is essential for executing large trades without significantly impacting the price.Exchanges with high trading volumes typically offer deeper liquidity.
Algorithmic Trading Bots: Algorithmic trading bots can automate trading strategies, allowing traders to execute trades based on pre-defined rules.

Bitcoin and the Broader Economic Landscape

Bitcoin's price is not solely determined by technical factors.It's also influenced by the broader economic landscape.

Inflation: Bitcoin is often seen as a hedge against inflation.As central banks print more money, the value of fiat currencies can decline, making Bitcoin more attractive as a store of value.
Interest Rates: Interest rate hikes by central banks can make traditional investments like bonds more attractive, potentially reducing demand for Bitcoin.
Geopolitical Events: Geopolitical events, such as wars or political instability, can create uncertainty in financial markets, potentially driving investors towards safe-haven assets like Bitcoin.
Regulatory Developments: Regulatory developments, such as new laws or regulations governing cryptocurrencies, can significantly impact Bitcoin's price.

Conclusion: Navigating the Bitcoin Market with Caution and Diligence

The recent Bitcoin price action, particularly the brief surge to $10,300, serves as a reminder of the cryptocurrency market's volatility and unpredictability.While the bullish signals might be tempting, veteran traders like John Bollinger and Peter Brandt are urging caution, suggesting that the upward movement could be a head fake.They point to factors such as low volume breakouts, rejection at resistance levels, and divergences in indicators as reasons to be wary.It's crucial for investors to approach the market with diligence, manage their risk effectively, and conduct thorough research before making any investment decisions.Remember to use stop-loss orders, diversify your portfolio, and stay informed about the latest news and developments.Whether you're a seasoned trader or a newcomer to the world of crypto, a balanced perspective, combining technical analysis with an understanding of market dynamics and the broader economic landscape, is essential for navigating the Bitcoin market successfully.Don't get caught in the trap of hype or fear; instead, focus on informed decision-making and long-term strategies.