Bollinger Bands Creator Sees Bitcoin Bear Market Ending Soon
John Bollinger spots a 'W'-shaped reversal in Bitcoin, signaling the downtrend may be breaking. Here's what traders need to know.
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's chart, and he thinks if it completes, it could snap the entire downtrend in half.
A 'W' pattern, for the uninitiated, is exactly what it sounds like: price drops, bounces, pulls back again, then rips higher — forming two bottoms before launching. It's one of the cleaner reversal signals in the technical playbook, and when someone with Bollinger's credibility flags it, you pay attention.
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Bollinger's comments came on the heels of a notable Bitcoin rebound, giving the pattern the early confirmation it needed. He suggested that a successful completion of this 'W' structure could carry enough momentum to "break" the prevailing bearish trend outright — not just pause it, but end it.
For active traders, this is a tradeable thesis, not just noise. Watch for a confirmed higher high above the pattern's neckline as your signal. Without that confirmation, it's still a setup, not a done deal. Risk management matters here — patterns fail, even the pretty ones called out by legends.
The broader crypto market has been grinding through a brutal stretch, so any credible sign of a structural trend reversal carries serious weight. Bollinger isn't known for hype, which makes this one worth putting on your radar. Continue reading at Cointelegraph.
