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.



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