Bitcoin may be forming a bottom near $80K, with potential price recovery for Bitcoin bulls

From Cointelegraph
April 11, 2025 5:55 am:

Bitcoin (BTC) may be forming a bottom, as indicated by Bollinger bands %b metric, signaling potential price recovery for Bitcoin bulls. The W bottom formation could be in play for BTC/USD, with confirmation still needed. Bollinger bands data show no trend shift on weekly and daily timeframes. Stocks, including Nasdaq, may rally before Bitcoin bounces back. Bitcoin price bottom targets now focus on $70,000 as a significant level for potential reversal. Network economist Timothy Peterson suggests Bitcoin will follow Nasdaq’s lead in recovering, with a possible -10% fall for Nasdaq before a Bitcoin bounce.

Read more at Cointelegraph: Bollinger bands creator says Bitcoin forming ‘classic’ floor near $80K