Bollinger Bands Creator Sees Bitcoin Bear Market Ending Soon
John Bollinger spots a 'W'-shaped reversal in Bitcoin, signaling the downtrend could be done. Here's what traders need to know.
John Bollinger — the man who literally invented Bollinger Bands — is watching Bitcoin closely right now, and he likes what he sees. The technical analysis legend is pointing to a classic 'W'-shaped reversal pattern forming on BTC's chart, the kind of setup that historically marks the end of a bear cycle, not just a dead-cat bounce.
The 'W' pattern matters because it shows price testing a low, bouncing, pulling back without making a new low, then launching higher. That second bottom is the tell. It signals sellers are exhausted and buyers are stepping in with conviction. When someone like Bollinger flags it, you pay attention — this isn't some anonymous crypto Twitter account.
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Bollinger's key call is blunt: if Bitcoin completes this reversal, it could outright "break" the entire downtrend structure. That's not a cautious hedge. That's a directional statement from one of the most credible voices in technical analysis, and it lines up with the recent BTC price rebound that's been turning heads across crypto markets.
For active traders, the setup here is straightforward. Watch for the pattern to confirm — meaning price holds the second bottom and pushes through the neckline resistance. A failed breakout would invalidate the thesis fast, so risk management still applies. But if Bollinger's read is right, sitting on the sidelines could mean missing the turn everyone has been waiting for.
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