Well, now, if it ain’t the legendary John Bollinger, the man who knows a thing or two about lines and bands, saying that Bitcoin is all set for “an upside breakout.” π
Bitcoin looks to be setting up for an upside breakout. $BTCUSD More as the week gets going.
β John Bollinger (@bbands) July 6, 2025
At 75, this trader’s got more foresight than a lighthouse in a fog. He’s the one who invented those fancy Bollinger Bands, and folks listen to him because, well, he’s usually right. π―
Back in April, for instance, he called the bottom like a cat calls a mouse. On Apr. 7, Bitcoin took a nosedive to $74,434. But by Apr. 10, Bollinger was shouting from the rooftops that a classic Bollinger Band W bottom was forming. And sure enough, Bitcoin rallied by 30% in less than a month, erasing all the tariff-induced mayhem. πͺοΈ
Then, in late February, when the market was in full panic mode, Bollinger saw a long opportunity. On Feb. 28, Bitcoin hit a local low of $78,197. Three days later, it surged by 21%. π
Now, I ain’t saying Bollinger’s a prophet, but his posts are worth a gander. Even if he’s not always right, he’s usually more right than wrong. π€
As of now, Bitcoin’s closed at its highest ever ($109,233), and the bulls are running the show. At press time, it’s just a stone’s throw away from setting a new record high. π
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2025-07-07 09:30