CandleFocus Legendary Trader John Bollinger Breaks Silence on Bitcoin (BTC) Price Action: Details
2024-09-21
Author: Content Editor
Legendary trader John Bollinger, known for the creation of Bollinger Bands, has shared his analysis of Bitcoin's price action. He observes a "W" pattern forming on the weekly Bitcoin chart, which is a bullish signal. Bollinger also mentions a regression channel, indicating that he is closely watching Bitcoin's price as it trades within this channel. Based on the regression channel, he suggests that Bitcoin might be forming a bullish flag pattern, awaiting confirmation. Bitcoin has seen a 10% increase in its one-week gains and has been dominating over Ethereum and stablecoins. At the time of writing, Bitcoin's price is down slightly in the last 24 hours but has increased by 6.97% so far in September.
Related News
How MSTR Stock Has Benefitted From MicroStrategy Bitcoin Adoption Bitcoin is pinned below $65K but several market structure-altering factors are at play US spot bitcoin ETFs see inflows worth $92 million; BTC edges down Shiba Inu Rally: What Investors Should Know About the 4.5% Price Surge Arbitrum Set to Hit $200B Trading Volume on Uniswap, First L2 to Reach Milestone XRP False Breakout Triggers $1.4 Million Liquidation, What’s Next? Was the Fed pressured into a larger rate cut? Something doesn’t add up LUNC News: Terra Luna Classic Burns 726 Million USTC From Anchor Protocol Arthur Hayes Speaks Out, Defends Himself About The Altcoin He First Advertised And Then Dumped HashPack v10.5.0 Introduces Token Reject and Unlimited Auto-Associate Features Cardano (ADA) Bullish Breakout Imminent? Eyes on 23% Price Surge Bittensor Price Breaks Silence With An 18% Rise: Eyeing $500 Next? VET Price Corrected 60%, Showed a Breakout, Can It Shoot Up Soon Shiba Inu Price Eyes 38% Rally Amid Bullish Reversal Pattern Bitcoin (BTC) BlackRock Victory Commented on by Top Bitcoiner Angel Investor VET’s Wave 3 Surge: Could It Be the Game-Changer to $2? WLD Price Drops as Bankrupt 3AC and Alameda Liquidate Their Worldcoin Holdings Catizen’s CATI Token Debuts, Air War and Merge Restaurant Launch CRO Price Builds Momentum: Are Bulls Ready To Take Over? OpenAI o1 builds ideal crypto portfolio for the 2024 bull run NEAR Protocol Price Eyes 120% Surge, Is it Poised for Massive Growth? XRP Price Prediction as Investors Await Ripple Swell & SEC Appeal Crypto Projects Raise Over $100M in Recent Fundraising Events Dogecoin Eyes 20% Rally, On-chain Data Flashes Bullish Signal Dogecoin, Solana, or BNB Coin: Who Will Lead the Price Rally in 2024? Ave.ai, Thravos.io Collaborate to Innovate Fitness and Sports Via AI and Blockchain The Other Side of Cardano: Analyzing the Impact of 0.41 tps on Blockchain Viability Bitcoin Indicator Signals ‘Shift To Bullish Territory’ – Can BTC Break Past $65,000? NFT Sales Climb 7.33%, Mythos, Blast, and Solana Lead the Charge Veteran Analyst Says “I Expect a Rally in Bitcoin”, Explains Why Litecoin Nears Max Supply: Only 9 Million Coins Left to Mine Stablecoin Market Adds $1B in Six Days as Major Tokens Expand Trump debuts exclusive silver coin—designed by Trump, minted in America 3 cryptocurrencies to turn $100 into $5,000: ‘Sell your watch’ Cardano (ADA) Price Prediction for September 21 0 Shiba Inu (SHIB) in 24 Hours, What's Happening? Legendary Trader John Bollinger Breaks Silence on Bitcoin (BTC) Price Action: Details Plume Network says it's tokenizing over $1 billion in real-world assets like solar farms, Medicaid claims and mineral rights Bitcoin price levels to watch as 'bullish fervor' set to 'cool down very quickly' Shiba Inu (SHIB) Jumps 136%, but Price Remains Unchanged Indian Supreme Court recovers YouTube account from XRP scammers Uniswap Leads Ethereum Burn, Destroys 1,166 ETH in Seven Days Cardano (ADA) Skyrockets 32,348% in Whale Netflows, What Next? Ripple CTO Breaks Down XRP Valuation Linked to Payments Binance CEO Backs BlackRock’s Bitcoin Hedge Against $35T US Debt Will Bitcoin Price Crash Again Soon? Scaramucci Endorses Solana in Epic Crypto Forecast Congressman Accuses US SEC of Misusing SAB 121 to Target Crypto Custody Providers AVALand and Cryptopia Partner to Expand DeFi and GameFi Horizons Tron (TRX) Price Is Bullish, but There's Catch Bitcoin’s Comeback Begins As It Approaches The $65,000 High Altseason is 'around the corner' to reward 'dumb bulls' more than 'smart bears' Key Reasons Behind Ethereum Price Delay for $4,000 Rally Urgent X Alert Issued for Shiba Inu Community, Here's Why XRP to $27-$33 as Analyst Backs These Targets with Elliott Wave and Fibonacci Analysis Dogecoin Founder Spills Beans on His Epic Draining DOGE Sale SUI, TIA, FTM, TAO, SEI prices soar as altcoins react to Fed rate cut WIF, PEPE and CATI Liquidation Hints Epic Reset Sandbox’s Bullish Breakout: Could This Be the Start of a 200% Price Jump? A Detailed Analysis of Ancient 2009 Bitcoin Wallet Spending Since 2015 Top 5 Cardano Rivals to Turn $10K into $1M by Jan 2025 Solana Price History: Why the $190 Level Is Crucial for SOL’s Next Move Crypto trader turns $135 into $124,000 in 2 weeks Hamster Kombat is trending on X, and for all the wrong reasons – Players got played '$1 Million Bitcoin' Samson Mow Says Godzilla Candle Coming: Details Can SEI Sustain Its Rally After Breaking a 27-Day High? Bitcoin, Ethereum Spot ETFs See Strong Inflows, No Outflows on September 20 What is ‘Flappy Bird’ on Telegram? Iconic Game Returns With Crypto Twist Bitcoin ETF Options to 'Accelerate Institutional Adoption,' Says Saylor Crypto lender Shezmu recovers hacked funds through negotiation DOGS Token Plunges 8%, Telegram Crypto Downturn Continues Welcome to the afterlife: 96% of NFT collections considered ‘dead’ Cryptocurrency Prices Today September 21: BTC At $62K, ETH & SOL Gain AI may lead to inflationary pressures: Bank of Canada Chiliz: the crypto project of sports on Web3 launches Includ3d 'Rich Dad Poor Dad' Author Reveals When Bitcoin May Hit $1 Million PEPE Whale Buys $1.3M Despite Price Dip, Uptrend Ahead? Memecoin That’s Exploded Nearly 300% in a Month on Cusp of ‘Face-Ripping Breakout,’ Says Top Crypto Analyst XRP Could Become the Tesla of Crypto, Analyst Claims Chainlink Transfers $207M to Binance Amid 2.64% Price Dip in 24 Hours Balancer Becomes Key Layer for AMM Innovation with GyroStable & CoWSwap BTC Price Retraces to $63K, WIF Dumps by 10% Daily (Market Watch) Pyth Network Introduces Oracle Integrity Staking to Strengthen DeFi Security ? Bonk Inu Launches First Solana-Based Meme Coin ETP in the U.S. Ripple Chairman Larsen Moves 20M XRP Days After Shuffling 50M Top Analyst Says Even XRP is “Cooking Something” Why Bitcoin and Gold Soared: Analysts Share All the Reasons Cardano Price Prediction: ADA Price is Steady Catizen crypto airdrop: the mini-app of Telegram completes the listing of CATI Here are Returns on $1,000 Invested in Shiba Inu if SHIB Hits a $1T Market Cap Shiba Inu Partner K9 Finance Achieves ‘Amazing’ Milestone: Details Millions of XRP To Start Bullish Reversal? Ethereum (ETH) Makes Unexpected Comeback, Dogecoin (DOGE) Confirms Breakthrough Crypto wallets will evolve into 'filing cabinets' by 2030: Crypto exec FATF Urges India to Strengthen Virtual Asset Regulation Travala expands booking support to Solana-based assets, offers SOL travel rewards Crypto firms cannot naively trust engineers with code, warns Exodus CEO Woman Sentenced to 8 Years in Prison After Failed Bitcoin Murder-for-Hire Plot XRP Current Setup is a Technical Time Bomb Awaiting Explosion, Expert Metis Announces Integration of Chainlink’s CCIP to Facilitate Developers Decentralized Finance Revolution: 5 Leading DeFi Platforms Reshaping Financial Landscapes US Sentences Nigerian Darknet Fraud Leader to Five Years in Prison for $6M Scheme Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook Crypto wallets will evolve into 'filing cabinets' by 2030: Crypto exec BlackRock Boosts Bitcoin ETF Flexibility with Coinbase Update Millions of XRP To Start Bullish Reversal? Ethereum (ETH) Makes Unexpected Comeback, Dogecoin (DOGE) Confirms Breakthrough RUNE Price in Buying Zone; Will It Reach 60% in a Month? Federal Reserve Cuts Influence Crypto Market Shifts Salvadoran Coffee Producers Reap Rewards Using Bitcoin for Cross-Border Payments Breaking Down Today’s Best Crypto Signals: Support Levels and Entry Points to Watch Ethereum Poised For A Comeback Following Interest Rate Cut: Steno Research SEC approves options for BlackRock's spot Bitcoin ETF 2 Stole $230 Million in Cryptocurrency and Went on a Spending Spree, U.S. Says Experts Predict XRP Price for 2025 if Bitcoin Hits $100K-$150K BlackRock’s iShares Bitcoin Options Now on Nasdaq, SEC Approval Mastering Crypto’s Hidden Signals: 5 Chart Patterns That Could Skyrocket Your Profits