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Legendary Technical Analyst John Bollinger Predicts Bitcoin to Reclaim $50k

John Bollinger, the developer of one of the most actively used technical indicators, the Bollinger Bands, now says Bitcoin is bottoming up and would reclaim $50k. Will Bitcoin Reclaim $50k? Replying to a tweet on June 15, the financial analyst noted that Bitcoin prices are “trying to move higher.” Bottom in place, prices trying toRead More

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Time To Pay Attention: Bitcoin Indicator Behavior Mimics Historic Rally

Bitcoin price keeps sinking, but has kept mostly sideways leaving bears unable to break support to new lows. With the trading range at a pivotal point, as one trading legend often says it is “time to pay attention.” The reason for the focus, is because what started as a fractal in price action, is now causing similar behavior in the Bollinger Bands that led to one of the most powerful pumps in Bitcoin history. Is that what’s next with bearish sentiment at such critical heights currently? Pause In Downtrend Leaves Traders Confused, Market In Fear Markets are cyclical and oftentimes…

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Bitcoin Bandwidth: The Biggest Move Of 2021 Is Near

Bitcoin price is still consolidating below the asset’s current all-time high of $61,800 per coin. The leading cryptocurrency by market cap, however, could be about to make another enormous move. According to Bollinger Band Width, volatility is about to erupt. In the past, its resulted in substantial moves to the upside. However, these moves have been decreasing in size, increasing the odds for a reversal instead. Here’s a closer look at what the Bollinger Bands technical analysis indicator says about the current price action and what could result once the tranquility breaks. Bollinger Band Width Warns Of Massive Bitcoin Move,…

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Third Time’s The Harm: Trader Warns Of Bitcoin Reversal Pattern

Bitcoin price is back at local highs, but still struggling to set a new record beyond $61,800. The lack of a further push by bulls even with positive news out of PayPal, has caused one iconic trader to warn of the possibility of a topping pattern forming. The theory is based on a set of technical analysis tools the trader himself created. But what exactly is a “Three Pushes to a High” pattern and what might it suggest about the coming price action? John Bollinger, Bollinger Band Creator, Warns Of Bitcoin Reversal The leading cryptocurrency by market cap is only…

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Analyst Who Predicted Bitcoin’s 40% October Rally Warns of BTC “Head Fake”

Bitcoin price this morning broke through a short-term downtrend line making up the top of a symmetrical triangle pattern. The currently unconfirmed breakout also caused the “first lift” in the Bollinger Band squeeze resulting from dwindling volatility. This lift is normally a sign of the Bollinger Bands expanding and an explosive move beginning. However, the technical indicator’s creator and financial analyst John Bollinger, is warning of a potential “head fake” in BTCUSD. The last time the analyst made such a call, a historic, record-setting 40% pump followed. Lift Begins In Bollinger Band Squeeze As Bitcoin Breaks Out of Symmetrical Triangle…

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