Bollinger Bands Creator Sees Bitcoin Bear Market Ending Soon
John Bollinger, inventor of Bollinger Bands, says a 'W'-shaped reversal pattern could signal the end of Bitcoin's current bear market.
John Bollinger, the technical analyst who invented the widely used Bollinger Bands indicator, publicly suggested this week that Bitcoin may be approaching the end of its bear market cycle, pointing to a classic 'W'-shaped reversal pattern forming on price charts as a key signal to watch.
The 'W' formation — a double-bottom structure that technical traders treat as a strong bullish reversal signal — would need to complete fully before confirming the shift in trend. Bollinger indicated that if Bitcoin's price strength follows through and finishes the pattern, it could effectively "break" the entire prevailing downtrend that has weighed on the asset.
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Bollinger's comments arrived against the backdrop of a notable BTC rebound, which drew fresh attention from analysts and traders scrutinizing whether the move represented a genuine trend change or merely a temporary bounce within a larger decline. The distinction carries significant weight for investors deciding how to position themselves.
Bollinger Bands, the volatility-measuring tool Bollinger developed decades ago, remain among the most referenced indicators in both traditional and cryptocurrency markets. His direct commentary on Bitcoin's price structure carries outsized influence given that credibility, making the observation noteworthy beyond routine analyst calls.
Whether the 'W' pattern ultimately completes remains to be seen, but the signal adds to a growing chorus of technical voices arguing that Bitcoin's worst selling pressure may be behind it. Continue reading at Cointelegraph.
