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🚨 John Bollinger warns of a decline in the price of Bitcoin. Although the price of Bitcoin has risen 13% over the past week and a half to reach $70,000, Bollinger Bands, creator of the Bollinger Bands indicator, has indicated the possibility of a short-term pullback. Notice the appearance of a reversal pattern on the chart, which may indicate a period of decline or consolidation. Despite this, Bollinger remains optimistic about Bitcoin's long-term future.
📍Who is John Bollinger: John Bollinger is a technical analyst and trader known for creating the Bollinger Bands indicator, a technical analysis tool used to estimate price trends in financial markets. Born in 1950, he founded Bollinger Capital Markets to provide advisory and trading services. Bollinger is considered an expert in the field of technical analysis and has written several books on the subject. His opinions and analysis are very popular among financial market traders.
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