Is the sale over in Bitcoin? Legendary trader John Bollinger thinks Bitcoin will rise.
Senior trader John Bollinger, who copyrighted the Bollinger Bands technical indicator in the 1980s, said he is bullish on the largest crypto asset, Bitcoin.
A “sell the news” In what appears to be the event, Bitcoin fell roughly 17% to $42,900 on September 7, when it became an official currency in El Salvador. Bollinger stated that Bitcoin managed to touch both the upper and lower bands in the same day. “epic” called it. Bollinger says he is currently targeting the upper band, indicating a good risk/reward pattern.
Back in June, the legendary trader correctly predicted that Bitcoin would reclaim the $50,000 level.
Bitcoin is trading just above the $46,000 level on major spot exchanges at the time of publication.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.