John Bollinger, market analyst and inventor of the Bollinger Bands technical indicator, explained the formula that could bring a rise in Bitcoin (BTC).
Legendary analyst John Bollinger Thursday, September 28 on social media on the day in sharing, included the positive outlook in Bitcoin. technical indicator 11-12 September on dates Bollinger Stating that the band has made a nice comeback from the lower level, the analyst said that if there is a strong upward movement, this “Bollinger upper band rise” He argued that he would bring about a move called.
In such cases Bitcoin price continues its rise It can offer good opportunities to investors by moving the upper line of the Bollinger band to higher levels.
Currently testing the upper band of the technical indicator, Bitcoin is risk of withdrawal It also contains. At this point, an upward move in the price would be a significant change according to the analyst. the beginning of the rise will be:
Bitcoin’s successful return from the lower Bollinger band on September 11-12 is still a more decisive technical factor. This is a good formation to walk in the upper band, you just need a little more strength to get confirmation.
