Legendary Technical Analyst John Bollinger (John Bollinger) believes that Bitcoin may be on the verge of a significant upward rally. He points out that Bitcoin has formed an "almost perfect bottom," and the Bollinger Band narrowing pattern indicates lower volatility. His initial bullish target levels are $100,000 and $107,000, with a third potential target possibly challenging new highs. Bollinger warns that if the upward momentum cannot be sustained, it could lead to a larger correction.
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Legendary Technical Analyst John Bollinger (John Bollinger) believes that Bitcoin may be on the verge of a significant upward rally. He points out that Bitcoin has formed an "almost perfect bottom," and the Bollinger Band narrowing pattern indicates lower volatility. His initial bullish target levels are $100,000 and $107,000, with a third potential target possibly challenging new highs. Bollinger warns that if the upward momentum cannot be sustained, it could lead to a larger correction.