Bollinger Bands creator says Bitcoin forming ‘classic’ floor near $80K
Bitcoin is attempting to form a double bottom pattern, as shown by the Bollinger Bands %b derivative, but confirmation isn’t in yet, John Bollinger said.
Bitcoin (BTC) is exhibiting familiar “bottom” behavior at current prices, according to one of its best-known leading indicators.
In an X post on April 10, John Bollinger, creator of the Bollinger Bands volatility metric, offered potentially good news to Bitcoin bulls.
Bitcoin may already be establishing a long-term bottom, the latest Bollinger Bands data suggests.
