Bollinger Bands creator eyes Bitcoin bear-market end, 'W'-shaped reversal
Bollinger Bands creator eyes Bitcoin bear-market end, 'W'-shaped reversal
Published on
John Bollinger, the creator of the popular Bollinger Bands technical indicator, suggests that Bitcoin's recent rebound could be signaling the end of its current bear market. He indicated that if a 'W'-shaped reversal pattern fully completes, the cryptocurrency's price strength has the potential to break the overall downtrend.
Bitcoin price strength could "break" the entire downtrend if the reversal pattern completed, John Bollinger suggested in light of the BTC rebound.