Bollinger Bands creator eyes Bitcoin bear-market end, 'W'-shaped reversal
CoinTelegraph·
60-second summary
John Bollinger, creator of Bollinger Bands, is eyeing a potential end to the Bitcoin bear market, citing a possible 'W'-shaped reversal pattern in the BTC price rebound. If the reversal completes, Bollinger believes Bitcoin price strength could break the entire downtrend, with a successful test of the 200-week moving average potentially paving the way for a new bull run.
Bitcoin price strength could "break" the entire downtrend if the reversal pattern completed, John Bollinger suggested in light of the BTC rebound.