Bollinger Bands Creator Sees Bitcoin Bear Market Nearing End
John Bollinger, inventor of Bollinger Bands, signals a potential 'W'-shaped reversal pattern that could break Bitcoin's entire downtrend.
John Bollinger, the technical analyst who created the widely used Bollinger Bands indicator, suggested Monday that Bitcoin may be approaching the end of its bear market cycle, pointing to a developing 'W'-shaped price reversal pattern as a key signal to watch.
The 'W' formation — a classic double-bottom chart pattern — is significant because it can indicate that selling pressure has been exhausted at two distinct low points, potentially clearing the path for a sustained upward move. Bollinger suggested that if Bitcoin's current rebound follows through and completes the pattern, it could "break" the broader downtrend that has weighed on the leading cryptocurrency.
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Bollinger's commentary came as Bitcoin staged a noticeable bounce, drawing renewed attention from technical traders scanning for signs that the worst of the selloff is behind the market. The Bollinger Bands tool itself — which plots volatility channels around a moving average — is one of the most widely referenced indicators in both traditional and crypto markets, lending weight to his read of current price action.
While the pattern remains incomplete and no outcome is guaranteed, the framing from such a prominent voice in technical analysis carries sentiment implications for traders who rely on chart-based signals to time entries. A confirmed 'W' reversal would require Bitcoin to decisively push above the midpoint resistance between the two lows, a level that will likely attract significant scrutiny in the sessions ahead.
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