Bitcoin Price: Legendary Trader John Bollinger Eyes ‘Upper Band’ Breakout
U.Today
18 Sep 2023 6:16 PM
Renowned trader John Bollinger, famous for developing the Bollinger Bands trading indicator, has turned his focus back to Bitcoin, hinting at a possible 'Upper Band' breakout...
- Renowned trader John Bollinger believes Bitcoin has potential for a bullish trend.
- Bollinger Bands, developed by Bollinger, are being used to analyze Bitcoin's price movement.
- Bitcoin reclaimed its $27,000 price point, indicating a shift in market dynamics.
- Altcoins are stagnant or declining in value, while Bitcoin remains resilient.
- Ethereum, Bitcoin's closest competitor, is slightly underperforming.
The article suggests a cautious optimism regarding Bitcoin's potential for a bullish trend. Bitcoin's resilience compared to other cryptocurrencies is highlighted.