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Veteran Trader John Bollinger Suggests Crypto Could Be Entering "New Regime"

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Thu, 07/08/2021 - 06:19
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Alex Dovbnya
John Bollinger believes that the crypto market could be undergoing a major shift
Veteran Trader John Bollinger Suggests Crypto Could Be Entering "New Regime"
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In his latest tweet, veteran trader John Bollinger claims that the cryptocurrency market could be entering “a new regime.”

The famed analyst—who is known for developing the “Bollinger Bands” technical indicator—has spotted some “unusual” trading patterns.

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Bitcoin has been range-bound for the past two weeks, with the bulls so far failing to break through heavy resistance at $36,000.

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However, plenty of DeFi coins, including Aave, Compound, Synthetix, have recently soared more than 20 percent, according to CoinMarketCap data.       

As reported by U.Today, a J.P. Morgan analyst said that crypto king’s dominance revisiting 50 percent would be healthy for the market. 

Bitcoin is currently trading down 49 percent from its April peak. 

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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.