Technical analyst John Bollinger, known for inventing Bollinger Bands, commented on the recent Bitcoin price reaching a new all-time high. He stated that this eliminates the possibility of a potential negative Bollinger Band divergence on the BTC chart. Bollinger also expressed concern that Ethereum, the largest altcoin, did not participate in the price increase, but mentioned that this is a normal occurrence in uptrends. The recent rise in Bitcoin's price is attributed to various factors including the election of cryptocurrency-friendly Donald Trump, rumors of Elon Musk's involvement in administration, and the potential start of Bitcoin Spot ETF options trading. The BTC price has increased by around 6% in the past week.



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