Main navigation

John Bollinger Calls $45,000 Level "Key Pivot" for Bitcoin

Fri, 25/03/2022 - 18:39
John Bollinger Calls $45,000 Level "Key Pivot" for Bitcoin
Cover image via U.Today
Read U.TODAY on
Google News

In a recent tweet, trader and financial analyst John Bollinger claims that the $45,000 is “a key pivot” for Bitcoin, the world’s largest cryptocurrency.

Earlier today, the crypto king spiked to an intraday high of $45,137 on the Bitstamp exchange, reaching its highest price point since March 2. The cryptocurrency, however, has already given up the majority of its gains, sliding back to the $44,200 level. Bitcoin is still up roughly 9% over the past 24 hours.

Image by

At the same time, Bollinger argues that the $3,200 is “a key pivot” for Ethereum, the second-biggest cryptocurrency. The flagship altcoin touched $3,195 earlier today, the highest level since Feb. 10, on the Coinbase exchange before paring its gains in tandem with Bitcoin. The cryptocurrency is currently trading in the red, hovering just above the $3,100 level.

Bitcoin Ban Makes Its Way Back Into EU Crypto Bill
Bollinger believes that Ethereum could lead the upcoming rally, urging his followers to pay attention.

The biggest altcoin is so far down 11% against Bitcoin in 2022 with risk-off sentiment dominating the price action of the cryptocurrency market.

Ethereum posted monstrous gains in 2021, with the ETH/BTC pair surging a whopping 403%. The cryptocurrency benefited from the Cambrian explosion of non-fungible tokens (NFTs), which dominated headlines throughout the year.

While Ethereum has so far underperformed in 2022, many analysts that it will steal the spotlight ahead of the hotly-anticipated upgrade dubbed the “merge,” which is tentatively scheduled for this summer. As reported by U.Today, the second-largest blockchain is expected to consume 99.95% less energy once it transitions to the proof-of-stake mechanism. It remains to be seen whether Ethereum will be able to topple Bitcoin’s market cap.


Latest Press Releases

Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
ApeX Protocol Partners with Alertatron to Enhance Automated Trading Capabilities
TeachMeCode Institute Announces Grand Opening of Cutting-Edge Dubai School
Our social media
There's a lot to see there, too

Popular articles