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Founder of Bollinger Bands Confirms Bitcoin Trend Reversal to Positive
Legendary technical analyst and creator of the Bollinger Bands indicator, John Bollinger, has given a green signal for the crypto market. Through his statement on Thursday (5/7) via his personal X account, Bollinger confirmed that his trend analysis model for Bitcoin has officially reversed to positive.
This trend change has triggered his Tactica investment program to start entering the market. "Yesterday, our trend model for Bitcoin turned positive and we have taken a position. Currently, the program is fully invested," Bollinger revealed.
Signals from Bollinger often serve as an important reference for traders because he uses a highly measured volatility approach. This statement reinforces market optimism as traders await further breakout momentum amid various positive global regulatory sentiments.