Bollinger Bands Creator Sees Bitcoin Bear Market Nearing End
John Bollinger, who invented Bollinger Bands, says a 'W'-shaped reversal pattern in Bitcoin could signal the end of its current downtrend.
John Bollinger, the technical analyst behind the widely used Bollinger Bands indicator, is signaling that Bitcoin's bear market may be drawing to a close, pointing to a classic 'W'-shaped reversal pattern forming on BTC price charts as a potential turning point for the world's largest cryptocurrency.
Bollinger suggested that if Bitcoin's current rebound gains enough momentum to complete the 'W' reversal formation, the resulting price strength could effectively "break" the entire prevailing downtrend. The 'W' pattern — also called a double-bottom — is a widely recognized technical signal that traders interpret as evidence sellers are exhausting their pressure and buyers are beginning to take control.
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The commentary carries weight given Bollinger's decades-long stature in technical analysis. The indicator he created, which plots volatility bands around a moving average, is one of the most widely deployed tools in both traditional and crypto markets. When its creator weighs in directly on a specific asset, traders and analysts tend to pay close attention.
Bitcoin has faced persistent selling pressure in recent months amid broader macroeconomic uncertainty and shifting risk sentiment. Any confirmed technical reversal of the kind Bollinger described would represent a meaningful shift in market structure, potentially drawing in sidelined investors who have been waiting for a clearer signal before re-entering positions.
Whether the 'W' pattern fully completes remains to be seen, and technical formations can fail if macro conditions deteriorate sharply. Still, an endorsement of a bullish setup from a figure of Bollinger's credibility adds a notable voice to growing speculation that Bitcoin's worst drawdown phase may be behind it. Continue reading at Cointelegraph.
