Search results for John Bollinger
Crypto
Bollinger sees \'W\' pattern on bitcoin chart signalling possible rebound
Analysis suggests a double-bottom \'W\' pattern is forming on bitcoin charts, indicating a possible end to the downtrend. John Bollinger, creator of Bollinger Bands, said the pattern could be a meaningful signal unlike prior rebound attempts. He pointed to a fractal structure and urged looking at weekly charts for a higher time-frame \'W\'. He said a break above about $65,000 could signal the downtrend ending, though ETF outflows and rate-hike worries persist.
Crypto
Bitcoin stays range-bound as warnings grow of retest of lower bound
Bitcoin’s failure to turn the $82,000 area into support has revived talk of a possible short-term downtrend. Market caution is growing that the cryptocurrency could slide from the top of its recent range and retest the lower bound. Traders are split, though more are leaving room for lower prices. Some warn a break below prior support is likely, while others see scope for a rebound alongside strong U.S. stocks.
Crypto
Bitcoin whale withdraws 2,500 BTC from Binance, fuelling supercycle expectations
A large bitcoin whale wallet withdrew about 2,500 BTC from Binance within an hour, drawing market attention to possible large-scale accumulation. A newly created wallet, \'bc1qhx\', moved bitcoin worth about $202 million in two transfers, according to BeInCrypto, with Lookonchain showing receipts of 2,250 BTC and 250 BTC. Falling exchange balances and bullish technical indicators have supported renewed talk of a bitcoin bottom.
