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Bollinger Bands founder John Bollinger sees bullish sentiment for Bitcoin ahead of potential ETF approvals.
<h2 id="legendary-investor-john-bollinger-made-bitcoin-btc-price-prediction">Legendary Investor John Bollinger Made Bitcoin (BTC) Price Prediction</h2>
Legendary Bitcoin (BTC) investor and creator of the Bollinger Bands strategy, John Bollinger, is optimistic about the future of the digital currency.
Making a statement on the official X account, John Bollinger predicted that the Bitcoin price would rise even higher from its current position, based on the information he obtained from the Bollinger Bands chart he shared.
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 I think it breaks higher. <a href="https://twitter.com/search?q=%24btc&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$btc</a><a href="https://t.co/vH9yoFa2Ut" rel="noopener noreferrer nofollow">https://t.co/vH9yoFa2Ut</a>
 — John Bollinger (@bbands) <a href="https://twitter.com/bbands/status/1742995149477892138?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 4, 2024</a>
</blockquote>
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Bitcoin price is having one of its toughest weeks in months this week, as it fell as low as $40,000 on what many experts labeled a misleading report from Matrixport regarding the potential rejection of spot Bitcoin exchange-traded fund (ETF) applications by the United States Securities and Exchange Commission (SEC). lived one.
Related News: <a href="https://en.bitcoinsistemi.com/bitcoin-etf-and-general-market-comment-from-bitmex-founder-arthur-hayes-is-bitcoin-expected-to-fall/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETF and General Market Comment from BitMEX Founder Arthur Hayes! Is Bitcoin Expected to Fall?</a>
Bitcoin bears took advantage of this news and made a huge sale, and the total liquidation in the market at that time exceeded $650 million. Bitcoin's decline dragged altcoins as well, and many of them have yet to recover.
Bollinger's prediction comes at a time when Bitcoin's price has risen to $44,727 in the last 24 hours.
During the overnight recovery, BTC broke the psychologically important resistance level of $43,000. If Bollinger's prediction comes true, Bitcoin could turn this level into support.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/john-bollinger-founder-of-bollinger-bands-shares-bitcoin-price-expectation-ahead-of-etf-approval/" rel="noopener noreferrer nofollow">John Bollinger, Founder of Bollinger Bands, Shares Bitcoin Price Expectation Ahead of ETF Approval!</a>

John Bollinger, Founder of Bollinger Bands, Shares Bitcoin Price Expectation Ahead of ETF Approval!

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