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.
Turkey week bottom in crypto space? The setup is looking good. $BTCUSD— John Bollinger (@bbands) November 25, 2019
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.