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Legendary Trader John Bollinger Claims $50,000 Is Bitcoin's Next Target

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Tue, 06/15/2021 - 19:01
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Alex Dovbnya
Legendary trader John Bollinger claims that the bottom is already in for Bitcoin
Legendary Trader John Bollinger Claims $50,000 Is Bitcoin's Next Target
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In a recent tweet, prominent trader John Bollinger claims that $50,000 is Bitcoin’s “first real target.”  

The creator of the Bollinger Bands volatility indicator believes that the bottom is already in for the flagship cryptocurrency.

Related
El Salvador Government Discussing Paying Salaries in Bitcoin
Earlier today, Bitcoin hit $41,341, its highest level since May 21.

BTC
Image by tradingview.com

Despite logging its third-biggest correction in May, the bellwether cryptocurrency is still up 42 percent in 2021.

El Salvador’s bombshell, Paul Tudor Jones’s recent bullish comments as well as MicroStrategy’s buying spree are fueling Bitcoin’s ongoing resurgence.

As reported by U.Today, a recent Bank of America survey shows that Bitcoin is no longer the most crowded trade, ceding ground to commodities.

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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.