Advertisement
AD

Main navigation

Advertisement

Veteran Trader John Bollinger Is Targeting $50K After Recent Bitcoin Price Spike

Advertisement
Fri, 1/10/2021 - 19:46
Veteran Trader John Bollinger Is Targeting $50K After Recent Bitcoin Price Spike
Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Eminent trader John Bollinger, who rose to prominence after inventing the Bollinger Bands indicator, has taken note of Bitcoin’s recent short squeeze that catapulted the largest cryptocurrency to its highest level since Sept. 22.

Advertisement
Advertisement

Now that Bitcoin has exceeded Bollinger’s first target, he expects the top coin to spike to the upper band, which is located just below the $50,000 level.

Related
As reported by U.Today, turned bullish on Bitcoin the day after traders sold the El Salvador news.   

Earlier today, the benchmark cryptocurrency revisited the $48,000 level, paring all losses that were caused by the double-whammy of the Evergrande crisis and China’s stepped-up cryptocurrency crackdown.

Real Vision co-founder Raoul Pal recently described the Bitcoin chart as “luscious,” predicting that a “very, very powerful” upside move could be on the cards:  

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