John Bollinger Suggests Bitcoin Price Might Have Reached Its Bottom

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Mon, 11/25/2019 - 19:41
Alex Dovbnya
It could be a "turkey week bottom" for the cryptocurrency market, according to trading vet John Bollinger
Cover image via U.Today

John Bollinger, the creator of the Bollinger Bands indicator, says that it's "turkey week bottom" for the crypto prices. The trading legend also points out that the setup "is looking good" for the crypto market. 

Related
Bitcoin Price Spikes 10 Percent, Experiencing Relief Rally

As reported by U.Today, Bollinger was spot on with his head-fake prediction that came to fruition on Oct. 25, Bitcoin's third best day in its entire history. 

At press time, Bitcoin is sitting at $7,244, up by more than 10 percent since plunging below the $6,500 price level earlier today. 

Crypto analyst Plan B thinks that it quite possible for Bitcoin to end 2019 above the $10,000 level.     

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.

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