John Bollinger, market analyst and inventor of the Bollinger Bands technical indicator, talked about the current status of Bitcoin (BTC).
John Bollinger said in his post on December 6, Bollinger bands He evaluated the current situation by adapting it to the Bitcoin chart. My increases in Bitcoin price in the chart he shared It almost pierced the upper part of the tape. Bollinger implies, “The air is getting a little thinner.”” by saying that it has started, investors are warned that the future may come after the long-standing rise. warned of a possible decline.
On the other hand, saying that the only thing he sees is a sign of power Speaking positively about Bitcoin The experienced name said that Bitcoin has been witnessing a Bollinger upper band rally for weeks:
The air is getting a little thinner here, but as of now all we’re seeing are signs of strength. We are out of both daily and weekly BBs with no differences. The last formation to check out was the 2-bar retracement in the middle BB, completed on November 21.
According to CoinGecko data, in the last 24 hours 4.3% increase Bitcoin exhibiting, at the time of writing from $44,063 is being traded.