From Investing.com: 2024-06-13 08:00:28

Financial analyst John Bollinger, creator of the Bollinger Bands, discusses Bitcoin’s recent price movements in a volatile crypto market. Bitcoin saw a drastic drop of over 4% after trading around $70,000, leading to market liquidation and trader anxiety. Bollinger suggests that extended consolidation periods could potentially lead to significant price gains, following the market principle “the bigger the base, the higher in space.” His recent comments align with his previous prediction of a possible pullback when Bitcoin was trading near $70,000. The question now is whether BTC will hold at $67,000 or see further changes, leaving traders anxious for what comes next.

Read more at Investing.com: Legendary Trader John Bollinger Breaks Silence on Bitcoin Price By U.Today