RATE Group | Prominent Technical Analyst: Bitcoin to Find Short-Term Bottom
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Prominent Technical Analyst: Bitcoin to Find Short-Term Bottom

24 Aug Prominent Technical Analyst: Bitcoin to Find Short-Term Bottom

Posted at 08:59h in Bitcoin News by

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Bitcoin May Bottom Between $9,000 to $10,000

As detailed extensively by Ethereum World News, the crypto market has been struggling over recent weeks. Bitcoin remains locked in the high-$9,000s and low-$10,000s range, while market “chop” has absolutely decimated altcoins, resulting in a Bitcoin dominance reading of nearly 70%.

Prominent Technical Analyst: Bitcoin to Find Short-Term Bottom 1

But, one prominent technical analysis, one whose technical indicator has become a staple for many of crypto’s investors, is calling for a short-term bottom. Speaking to Forbes contributor Benjamin Prius, Bollinger Band creator John Bollinger, who purportedly forayed into cryptocurrency some three years ago, explained that he is under the belief that Bitcoin and its ilk are “working on trying to forge a short-term tradable bottom”, which he adds may have “intermediate-term implications”. What is seemingly implying is that this may be the base for Bitcoin’s next leg to the upside, one that some optimistic analysts claim will bring BTC past…

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