#BitcoinHoldsFirmAbove80K Bitcoin has rapidly risen in recent days, surpassing the $80,000 mark and reaching up to $82,400 today, hitting the highest level in several months. This movement also caught the attention of technical analysts closely following the cryptocurrency market, such as John Bollinger. John Bollinger, the creator of the Bollinger Bands indicator, shared on his personal social media account that he now sees a positive signal for Bitcoin based on his trend model.

Confidence from Bollinger
John Bollinger made a recent move regarding his fund “Tactica,” which is designed for the crypto market. Bollinger announced that the fund is fully invested in Bitcoin and has opened a new position during this recent rally.

For investors, the Bollinger Bands indicator has been a trusted data source for many years. The success of John Bollinger’s previous price predictions and accurate forecasts has led to increased interest in this decision within the market.

Bitcoin’s recent surge and critical levels
During this rapid ascent since early May, Bitcoin’s price has repeatedly hit new highs and experienced strong buying waves. Especially in recent weeks, increased demand for ETFs has played a role in pushing the price above $80,000. According to data from analytical platforms, the highest level recorded during the day was $82,400.

However, according to Santiment, although Bitcoin’s price rose to around $82,800, it still shows a 6% loss in returns since the beginning of the year. The company’s assessment indicates that Bitcoin needs to reach at least $88,000 to break even by 2026.

THIS IS NOT INVESTMENT ADVICE

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