Bollinger Bands Creator Sees Bitcoin Bear Market Nearing End
John Bollinger, who invented Bollinger Bands, says a 'W'-shaped reversal pattern could signal the end of Bitcoin's current downtrend.
John Bollinger, the legendary technical analyst who created the widely used Bollinger Bands indicator, is signaling that Bitcoin's bear market may be drawing to a close, pointing to a classic 'W'-shaped reversal pattern forming on price charts as the key evidence.
Bollinger suggested that if Bitcoin's current rebound completes the second leg of the 'W' formation — a double-bottom structure that traders typically read as a bullish trend reversal — the move could carry enough force to "break" the entire prevailing downtrend. The pattern implies that Bitcoin tested a significant low, bounced, pulled back toward that low without breaching it, and is now pushing higher again.
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The commentary from Bollinger carries particular weight given his decades of market experience and the near-universal adoption of his eponymous indicator across global trading platforms. When the inventor of a foundational technical tool weighs in on a major asset class, institutional and retail traders alike tend to take notice, amplifying the market signal itself.
Bitcoin's price action has been closely scrutinized after a prolonged stretch of selling pressure, and optimism from a figure of Bollinger's stature adds analytical credibility to the growing chorus of voices suggesting the worst may be behind the flagship cryptocurrency. Whether the pattern fully confirms remains contingent on sustained buying momentum in the sessions ahead.
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