Main navigation

Legendary Trader John Bollinger Turns Bullish on Bitcoin

Advertisement
Wed, 8/09/2021 - 18:12
Legendary Trader John Bollinger Turns Bullish on Bitcoin
Cover image via www.youtube.com
Read U.TODAY on
Google News

John Bollinger is betting on Bitcoin’s price revival.

The veteran trader, who copyrighted the Bollinger Bands technical indicator back in the 1980s, has tweeted that he’s now bullish on the largest cryptocurrency. 

In what appeared to be a “sell the news” event on steroids, Bitcoin flash-crashed roughly 17 percent to an intra-day low of $42,900 on Sept. 7, the day it became an official currency in El Salvador.

Related

Bollinger called the crash “epic,” noting that the cryptocurrency managed to touch both the upper and lower bands within the same day.

At press time, Bitcoin is changing hands slightly above the $46,000 level on major spot exchanges.

Advertisement
Article image
Image by tradingview.com

Bollinger says that he’s currently targeting the upper band, pointing to a good risk/reward setup.

Back in June, the legendary trader accurately predicted that Bitcoin would reclaim the $50,000 level.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD