CandleFocus Bitcoin (BTC) Bullish Setup Awaiting Confirmation, Says Veteran Trader John Bollinger
2024-09-25
Author: Content Editor
According to trader John Bollinger, Bitcoin is showing signs of a bullish breakout, with two bullish continuation patterns forming on the weekly time frame. Bollinger suggests that Bitcoin needs to surpass its diagonal resistance at $65,000 for the pattern breakout to be confirmed. He also highlights the range high of the Bollinger Bands, which stands at around $73,000, as the last line of defense for BTC bears. Other analysts, including Altcoin Sherpa and Josh Rager, also view the $65,000 area as a crucial pivot point for Bitcoin. At the time of writing, Bitcoin is trading at $64,364.
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