Bollinger Bands Creator Sees Bitcoin Bear Market Ending Soon
John Bollinger, creator of Bollinger Bands, says a 'W'-shaped reversal pattern could signal the end of Bitcoin's downtrend if completed.
John Bollinger, the technical analyst who invented the widely-used Bollinger Bands indicator, said Wednesday that Bitcoin may be approaching the end of its bear market, pointing to a potential 'W'-shaped price reversal as the key signal to watch. The comments came as Bitcoin staged a notable rebound, drawing renewed attention from veteran chart analysts.
Bollinger suggested that if the double-bottom 'W' pattern fully completes, it could carry enough momentum to "break" the broader downtrend that has weighed on Bitcoin for months. A 'W'-shaped reversal is a classic technical formation in which an asset's price touches a low, partially recovers, retests the low, and then rallies sharply — often signaling a sustained trend change.
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The remarks carry weight given Bollinger's decades-long credibility in technical analysis. His namesake Bollinger Bands — volatility envelopes plotted around a moving average — are among the most widely cited tools in both traditional and crypto trading. When the indicator's creator flags a potential structural shift in Bitcoin's chart, market participants tend to pay attention.
While Bollinger stopped short of declaring a definitive bottom, his analysis underscores growing debate among traders over whether Bitcoin's extended correction has run its course. Analysts caution that pattern completion is not guaranteed and that confirmation would require Bitcoin to decisively clear key resistance levels before the reversal can be considered validated.
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