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Event File CRYPTO Bitcoin

Bollinger Bands Creator Eyes W-Bottom Reversal That Could End Bitcoin Bear Market

1 reports · First detected 2026-07-04 · Last active 2026-07-04

Technical analyst John Bollinger created Bollinger Bands, an indicator widely used to gauge price volatility and overbought or oversold conditions. He believes Bitcoin may be forming a W-shaped double bottom. A break above the neckline confirmed by trading volume is generally viewed as a signal that a downtrend is reversing, drawing market attention to the pattern.

Bollinger recently said Bitcoin was entering the final stage of a W-shaped double-bottom reversal. If confirmed, the pattern could end the broader decline that has persisted since October 2025. Bitcoin recently regained a firm footing above $60,000. Reports also said institutional investor interest was gradually recovering but did not identify any institutions or disclose investment amounts or transaction dates.

All Coverage

1 original reports
COINTELEGRAPH.COM 2026-07-04
Bollinger Bands creator eyes Bitcoin bear-market end, 'W'-shaped reversal

The Backstory

The history behind this event
Bitcoin Tests Bollinger Bands Breakout as Creator John Bollinger Turns Bullish2026-05-08 · 2 reports · similarity 0.80

Bollinger Bands, created by technical analyst John Bollinger, use a moving average and upper and lower standard-deviation bands to measure price volatility. A daily Bitcoin close above the upper band is generally viewed as a sign of strengthening momentum. This is the first such test in months, drawing attention to whether BTC can turn a short-term rebound into a sustained rally.

As of July 20, 2026, Bitcoin (BTC) was attempting to break above the upper Bollinger Band on its daily chart, marking its first key test of that level in months. Bollinger said the trading signal had turned “positive,” adopted a bullish stance and disclosed that he had opened a new BTC position based on the signal. Reports did not disclose the amount invested or his exact entry price.

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