Bollinger Bands creator says Bitcoin forming ‘classic’ floor near $80K

Bitcoin is attempting to form a double bottom pattern, as shown by the Bollinger Bands %b derivative, but confirmation isn’t in yet, John Bollinger said.

Bitcoin (BTC) is exhibiting familiar “bottom” behavior at current prices, according to one of its best-known leading indicators. 

In an X post on April 10, John Bollinger, creator of the Bollinger Bands volatility metric, offered potentially good news to Bitcoin bulls.

Bitcoin may already be establishing a long-term bottom, the latest Bollinger Bands data suggests.

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