John Bollinger, the creator of the Bollinger Bands indicator, believes that it is too early to consider Bitcoin's recent price drop as a bear market. He advises waiting for a sustainable bottom before drawing conclusions and using the Bollinger Bands as a tool to spot potential reversals. Bollinger notes that Bitcoin has dipped below the lower band, indicating oversold conditions, but cautions that this does not guarantee a reversal. Instead of labeling the market as bearish, he calls for patience and suggests considering additional technical indicators for a clearer picture.



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