Bitcoin

View

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-climbs-over-60000-again" data-wpel-link="internal">Bitcoin Climbs Over $60,000 Again</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoins-2024-price-predictions-a-kaleidoscope-of-expert-forecasts" data-wpel-link="internal">Bitcoin</a>, the leading cryptocurrency, has once more surged past the $60,000 threshold, hovering near a crucial support level and triggering anxiety among investors and crypto enthusiasts. Renowned trader John Bollinger has recently commented on Bitcoin’s price actions, offering vital insights during this period of heightened market volatility.</p> 
<h2 id="what-is-bollinger-s-view-on-bitcoin">What Is Bollinger’s View on Bitcoin?</h2> 
<p style="text-align: justify">The cryptocurrency market has experienced notable price shifts recently, resulting in a significant recovery, much to the relief of investors. Subsequently, the market has entered a quieter phase, with both bullish and bearish participants taking time to reassess their strategies. Amidst this lull, prominent voices, including John Bollinger, have weighed in with their analyses.</p> 
<p style="text-align: justify">Bollinger, the creator of the widely recognized Bollinger Bands technical indicator, has shared his views on Bitcoin’s current price movement. He highlighted a two-bar reversal pattern near the lower Bollinger Band, suggesting a potential price rebound. This pattern, according to Bollinger, might lead to testing recent highs, offering a more hopeful outlook for Bitcoin’s short-term trajectory.</p> 
<h2 id="how-might-bitcoin-s-price-evolve">How Might Bitcoin’s Price Evolve?</h2> 
<p style="text-align: justify">Bollinger supported his prediction with a price chart displaying the two-day candlestick reversal near the lower band. Should this downtrend reverse as anticipated, Bitcoin’s price could see a substantial rise, potentially reaching the upper Bollinger Band around $72,000. This level is significant, nearing Bitcoin’s previous all-time high (ATH) recorded in spring.</p> 
<h2 id="investor-inferences">Investor Inferences</h2> 
<p style="text-align: justify"> – Traders might consider monitoring the two-bar reversal pattern for potential entry points.<br> – A breakout towards the upper Bollinger Band could offer substantial profit opportunities.<br> – The quiet phase in trading offers a chance to reassess and fine-tune <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investment strategies</a>. </p> 
<h2 id="results-and-predictions">Results and Predictions</h2> 
<p style="text-align: justify">Currently, Bitcoin is trading at $61,504, reflecting a slight dip of 0.27% over the past 24 hours. Despite a 1.09% increase over the last week, Bitcoin has seen a 5.61% decline in the past month. Bollinger’s forecast implies a potential surge of over 17% from current prices if the predicted trend reversal materializes.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-climbs-over-60000-again" data-wpel-link="internal">Bitcoin Climbs Over $60,000 Again</a></h5>

Bitcoin Climbs Over $60,000 Again

Table of Contents

BH NEWS

Other articles published on Jun 26, 2024

Making Money Online With Crypto Staking on OkayCoin

Is MATIC Price Dead? Will Polygon Price Make A Comeback Or Plunge To $0.50 This July?

Crypto Market Faces Key Moment with Bitcoin and Ethereum Options Expiring

MoonBag: The Best Presale in 2024 Revealed, Outcasting Solana and ChainGPT

Bitcoin Plays Justice Card: BTC’s Role in Delivering Freedom to WikiLeaks Co-Founder Julian Assange

Bitcoin As Federal Tax Payment Method? Congressman Presents New Legislation

Join our free newsletter for daily crypto updates!