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Legendary technical analyst John Bollinger has identified a potential ‘Bollinger Band W bottom’ forming in Bitcoin’s price chart. The pattern suggests a possible bullish reversal, though confirmation is still needed. BTC currently trades around $81,366 as traders watch for key breakout levels.
- Bitcoin's potential W-bottom pattern suggests a bullish reversal if confirmed by a breakout above $90,000.
- Bollinger Bands show Bitcoin's volatility, with the upper band at $108,837 and the lower at $77,138.
- Momentum oscillators and trading volume indicate easing selling pressure, but confirmation is still needed.
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