Bollinger Band creator John Bollinger has commented on the BTC price action, following the flagship’s crypto bounce above $115,000 today. Based on the legendary analyst’s analysis, this move might be a false breakout rather than a bullish continuation.
Crypto Driver
08/07 01:23
John Bollinger Warns of ‘Head Fake’ as BTC Price B
John Bollinger Warns of ‘Head Fake’ as BTC Price Bounces
Legendary analyst John Bollinger has suggested that the BTC price rebound may be false as Bitcoin and some other cryptos show a 'head fake.'
- John Bollinger said that Bitcoin and some other cryptos are showing a head fake, hinting at a false breakout.
- He noted that this is happening after a Bollinger Band squeeze.
- Bitcoin has surged above $115,000 today.
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