Bitcoin

Spot

The increase in the approval probability of Spot Ethereum ETFs has also mobilized the prices of Bitcoin and altcoins, especially Ethereum. 
With the impact of ETF news, ETH reached $ 3,700, while BTC rose to over $ 70,000 again. 
While these increases pleased investors, one analyst warned of an impending pullback in BTC price. 
John Bollinger, a well-known analyst and the inventor of Bollinger Bands, stated in his post from his X account that there may be a short-term retreat and consolidation in the BTC price. 
The analyst, who made this analysis based on the Bollinger Bands technical tool he invented, argued that a two-bar reversal occurred in the upper Bollinger Band on the BTC/USD chart. 
The analyst pointed out that consolidation or a possible pullback in the Bitcoin price would be short-term and said that there is no downward trend in BTC. 
<blockquote> 
 “I don't really like the two-bar retracement in the upper Bollinger Band for BTC/USD. 
 It suggests a consolidation or pullback. 
 But there is no downtrend here, just a short-term pullback or consolidation.” 
</blockquote> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/fall-warning-for-bitcoin-btc-from-legendary-analyst-john-bollinger/">Fall Warning for Bitcoin (BTC) from Legendary Analyst John Bollinger!</a>

Fall Warning for Bitcoin (BTC) from Legendary Analyst John Bollinger!

Bitcoin Sistemi EN

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