🟡 Legendary trader John Bollinger, the creator of Bollinger Bands, analyzed Bitcoin’s price movement and identified a potential bullish formation. He noted the formation of a “W” pattern on the weekly Bitcoin chart, which is often seen as the first sign of a potential price reversal.
🟡 Bollinger also mentioned that he drew a regression channel to highlight a flag forming within this configuration. This suggests a possible upward breakout after a consolidation phase. Traders are closely monitoring Bitcoin’s movement, and Bollinger’s analysis adds optimism regarding a potential growth momentum in the market.