Bitcoin

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<p><a href="https://u.today/bitcoin-price-legendary-trader-john-bollinger-eyes-upper-band-breakout" rel="noopener noreferrer nofollow">John Bollinger</a>, the esteemed market analyst and the innovator behind the Bollinger Bands, has once again turned his focus to Bitcoin, hinting at a potential upward price movement in his recent X post.</p> 
<p>He highlighted a two-bar reversal for Bitcoin at the lower Bollinger Band on Sept. 11/12 as the controlling technical factor, suggesting a possible surge if more strength is seen.</p><a href="https://twitter.com/bbands/status/1707447246881751342" rel="noopener noreferrer nofollow"><img src="https://u.today/sites/default/files/inline-images/OzVTsMY0.png" data-entity-uuid="ad7ca0ee-5678-4b7e-bea5-83fb0fb02e93" data-entity-type="file" alt="https://twitter.com/bbands/status/1707447246881751342"></a> 
<h2 id="anticipating-bitcoin-rally">Anticipating Bitcoin rally&nbsp;</h2> 
<p>As <a href="https://u.today/bitcoin-price-legendary-trader-john-bollinger-eyes-upper-band-breakout" rel="noopener noreferrer nofollow">reported by U.Today</a>, Bollinger recently spotted a potential "upper band" breakout and indicated a possible bullish trend for the cryptocurrency.</p> 
<p><a href="https://u.today/bitcoins-bollinger-bands-tighter-than-ever" rel="noopener noreferrer nofollow">Bollinger Bands</a> comprise a middle band representing a simple moving average, and upper and lower bands signifying standard deviation levels from the middle band. These bands serve as a gauge to measure. Traders use these bands to identify potential price spikes and reversals in volatile markets.</p> 
<h2 id="bitcoin-price-spike-comes-with-caution">Bitcoin price spike comes with caution</h2> 
<p>Bitcoin's price has recently experienced <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">a 2.4% increase</a>, currently valued at $27,000, with its market capitalization surpassing $530 billion.</p> 
<p>Data analytics firm Santiment <a href="https://twitter.com/santimentfeed/status/1707579985987502375" rel="noopener noreferrer nofollow">revealed</a> a bright long-term outlook for Bitcoin, noting whale accumulations of Bitcoin and USDT. However, the firm also cautioned about possible short-term corrections due to heavy profit-taking by traders at the $27,000 mark.</p> 
<p>Santiment advised monitoring the 7D MVRV (7-day market value to realized value): when it gets below 0, it may be ideal for another upward move.</p>

Trading Legend John Bollinger Indicates Potential Surge for Bitcoin

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