Bollinger Bands Creator Sees Bitcoin Bear Market Ending Soon
John Bollinger spots a 'W'-shaped reversal pattern in Bitcoin, signaling the downtrend may be breaking down for good.
John Bollinger — the guy 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 charts, a setup that historically marks the end of a sustained downtrend rather than just a dead-cat bounce.
Here's why that matters to you as a trader: a 'W' pattern means Bitcoin already tested a low, partially recovered, retested near that same low without breaking it, and is now pushing higher. That second bottom holding is the key tell. It signals that sellers are losing steam and buyers are stepping in with conviction at lower prices.
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Bollinger's take is direct — if Bitcoin's current price strength follows through and completes this reversal structure, it could effectively "break" the entire downtrend that's been grinding traders down. That's not a minor bounce call. That's a potential regime change in market structure, and it deserves your full attention.
The rebound that triggered Bollinger's comments adds credibility to the setup. When the creator of one of the most widely used technical indicators in the world flags a pattern on the asset he's watching, the broader trading community tends to pay attention fast. Momentum can become self-fulfilling once enough eyes lock onto the same chart.
Whether you're swing trading or holding a longer-term position, a confirmed 'W' bottom on Bitcoin would be a significant green light. Watch for the pattern to fully complete before sizing up — confirmation is everything in a market that has faked recoveries before. Continue reading at Cointelegraph.
