Bollinger Bands creator eyes Bitcoin bear-market end, 'W'-shaped reversal
Bitcoin may be forming a bullish “W” double-bottom reversal that could challenge the current downtrend. John Bollinger pointed to BTC/USD aligning closely with the lower Bollinger Band on the daily chart and said the setup looks “perfectly fractal,” with small W and M patterns inside the larger move. He suggested this could be the reversal that breaks the bear market pattern. At the same time, signs of institutional support are returning. US spot Bitcoin ETFs recorded their first net inflows in ten days, which one analyst described as evidence that selling pressure is easing in the late stage of the bear cycle. Another trader noted the roughly $60K area has held despite repeated ETF outflows, implying significant supply absorption and potential price support if BTC continues to rebound.
