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John Bollinger Starts Looking for "Tradable Bottom" in Bitcoin and Altcoins

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Thu, 03/25/2021 - 19:33
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Alex Dovbnya
John Bollinger says that he has no idea where the bottom will actually take place
John Bollinger Starts Looking for "Tradable Bottom" in Bitcoin and Altcoins
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Cryptocurrency trader John Bollinger has shared his take on the current state of the cryptocurrency market, claiming that now is the time to start looking for a local bottom.           

The inventor of the Bollinger Bands indicator noted that his statement concerned Bitcoin as well as the top altcoins.     

Bollinger says that he will be watching price action near the lower band:   

I don't have any idea where the bottom will occur, but I'll be watching price action near the lower Bollinger Band.

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The largest cryptocurrency is currently flat after plunging to as low as $50,360 earlier today.

Bollinger
Image by tradingview.com

Bitcoin inevitably dragged down other top cryptocurrencies together with it. Polkadot (DOT) and Uniswap (UNI) are the two worst-performing coins in the top 10 at press time.       

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.