04-11-2025, 10:41 PM
Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjI0MDUtNTMzYS03Mjg2LTkwOWUtMDRlZmVjNTgwMjE0.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjI0MDUtNTMzYS03Mjg2LTkwOWUtMDRlZmVjNTgwMjE0.jpg" alt="Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K"></p><p>Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) is exhibiting familiar “bottom” behavior at current prices, according to one of its best-known leading indicators. <p>In an <a data-ct-non-breakable="null" href="https://x.com/bbands/status/1910395283558785115" rel="null" target="null" text="null" title="null">X post</a> on April 10, John Bollinger, creator of the Bollinger Bands volatility metric, offered potentially good news to Bitcoin bulls.</p><h2>Bollinger bands %b metric teases BTC price comeback</h2><p>Bitcoin may already be establishing a long-term bottom, the latest Bollinger Bands data suggests.</p><p>Analyzing weekly timeframes, Bollinger drew attention to one of his proprietary indicators, known as “%b,” which offers further clues about market trend reversals.</p><p>The indicator %b measures an asset’s closing price relative to Bollinger Band position, employing standard deviation around a 20-period simple moving average (SMA). </p><p>Among its insights is the “W” bottom formation, where a first low beneath zero is followed by a higher low retest later, something that could now be in play for BTC/USD.</p><p>Bollinger confirmed to X followers:</p><blockquote>“Classic Bollinger Band W bottom setting up in $BTCUSD. Sill needs confirmation.”</blockquote><figure><img alt="Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K" src="https://s3.cointelegraph.com/uploads/2025-04/01962413-e22c-7592-a0ce-ea49ff3162af" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-week chart with Bollinger Bands data. Source: John Bollinger/X</em></p></figcaption></figure><p>On both weekly and daily timeframes, Bollinger Bands show no trend shift has yet taken place. </p><p>Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP" rel="null" target="null" text="null" title="null">TradingView</a> shows that the daily chart continues to walk down the lower band, with the middle SMA acting as resistance.</p><figure><img alt="Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K" src="https://s3.cointelegraph.com/uploads/2025-04/01962417-78f5-7732-8a2f-dc0291f87bf9" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-day chart with Bollinger Bands data. Source: Cointelegraph/TradingView</em></p></figcaption></figure><p>Turning to stocks, with which BTC/USD has become increasingly correlated, Jurrien Timmer, director of global macro at Fidelity Investments, drew similar conclusions.</p><p>“Revisiting the Bollinger Bands, we have gone from 2 standard deviations above-trend to on-trend to now almost 2 standard deviations below-trend,” he <a data-ct-non-breakable="null" href="https://x.com/TimmerFidelity/status/1910018467568218151" rel="null" target="null" text="null" title="null">said</a> in reference to the S&P 500 on April 9. </p><blockquote>“Again, oversold but not at an historic extreme.”</blockquote><h2>Bitcoin bounce may follow 10% Nthanksaq plunge</h2><p>As <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-weekly-rsi-hits-bull-market-low-as-trader-sees-70-k-btc-price-bottom" rel="null" target="null" text="null" title="null">Cointelegraph continues to report</a>, BTC price bottom targets increasingly center around the $70,000 mark.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-stocks-shun-cpi-print-win-and-give-up-tariff-relief-gains-will-btc-whales-save-the-day" rel="null" target="null" text="null" title="null"><em><strong>Bitcoin, stocks shun CPI print win and give up tariff relief gains — Will BTC whales save the day?</strong></em></a></p><p>That level is significant for several reasons, including as a psychological barrier and its status as a liquidity magnet.</p><p>Network economist Timothy Peterson, whose Lowest Price Forward metric previously <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-metric-called-2020-bull-run-69k-new-bottom" rel="null" target="null" text="null" title="null">offered 95% odds</a> that $69,000 would stay intact as support, now sees Bitcoin reversing only after stocks find their own floor.</p><p>“Bitcoin led NthanksAQ on this decline As the asset perceived to be at the top of the risk pyramid, I would expect NthanksAQ to rally first, and then Bitcoin Just something to look for,” he <a data-ct-non-breakable="null" href="https://x.com/nsquaredvalue/status/1910438191523385710" rel="null" target="null" text="null" title="null">revealed</a> this week. </p><blockquote>“But I think NthanksAQ has another -10% to fall.”</blockquote><figure><img alt="Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K" src="https://s3.cointelegraph.com/uploads/2025-04/01962414-daca-7808-b3b6-19a60ec0f644" title=""><figcaption style="text-align: center;"><p><em>Bitcoin vs Nthanksaq comparison. Source: Timothy Peterson/X</em></p></figcaption></figure><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template><p><br></p></p>
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https://cointelegraph.com/news/bollinger...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjI0MDUtNTMzYS03Mjg2LTkwOWUtMDRlZmVjNTgwMjE0.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjI0MDUtNTMzYS03Mjg2LTkwOWUtMDRlZmVjNTgwMjE0.jpg" alt="Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K"></p><p>Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) is exhibiting familiar “bottom” behavior at current prices, according to one of its best-known leading indicators. <p>In an <a data-ct-non-breakable="null" href="https://x.com/bbands/status/1910395283558785115" rel="null" target="null" text="null" title="null">X post</a> on April 10, John Bollinger, creator of the Bollinger Bands volatility metric, offered potentially good news to Bitcoin bulls.</p><h2>Bollinger bands %b metric teases BTC price comeback</h2><p>Bitcoin may already be establishing a long-term bottom, the latest Bollinger Bands data suggests.</p><p>Analyzing weekly timeframes, Bollinger drew attention to one of his proprietary indicators, known as “%b,” which offers further clues about market trend reversals.</p><p>The indicator %b measures an asset’s closing price relative to Bollinger Band position, employing standard deviation around a 20-period simple moving average (SMA). </p><p>Among its insights is the “W” bottom formation, where a first low beneath zero is followed by a higher low retest later, something that could now be in play for BTC/USD.</p><p>Bollinger confirmed to X followers:</p><blockquote>“Classic Bollinger Band W bottom setting up in $BTCUSD. Sill needs confirmation.”</blockquote><figure><img alt="Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K" src="https://s3.cointelegraph.com/uploads/2025-04/01962413-e22c-7592-a0ce-ea49ff3162af" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-week chart with Bollinger Bands data. Source: John Bollinger/X</em></p></figcaption></figure><p>On both weekly and daily timeframes, Bollinger Bands show no trend shift has yet taken place. </p><p>Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP" rel="null" target="null" text="null" title="null">TradingView</a> shows that the daily chart continues to walk down the lower band, with the middle SMA acting as resistance.</p><figure><img alt="Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K" src="https://s3.cointelegraph.com/uploads/2025-04/01962417-78f5-7732-8a2f-dc0291f87bf9" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-day chart with Bollinger Bands data. Source: Cointelegraph/TradingView</em></p></figcaption></figure><p>Turning to stocks, with which BTC/USD has become increasingly correlated, Jurrien Timmer, director of global macro at Fidelity Investments, drew similar conclusions.</p><p>“Revisiting the Bollinger Bands, we have gone from 2 standard deviations above-trend to on-trend to now almost 2 standard deviations below-trend,” he <a data-ct-non-breakable="null" href="https://x.com/TimmerFidelity/status/1910018467568218151" rel="null" target="null" text="null" title="null">said</a> in reference to the S&P 500 on April 9. </p><blockquote>“Again, oversold but not at an historic extreme.”</blockquote><h2>Bitcoin bounce may follow 10% Nthanksaq plunge</h2><p>As <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-weekly-rsi-hits-bull-market-low-as-trader-sees-70-k-btc-price-bottom" rel="null" target="null" text="null" title="null">Cointelegraph continues to report</a>, BTC price bottom targets increasingly center around the $70,000 mark.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-stocks-shun-cpi-print-win-and-give-up-tariff-relief-gains-will-btc-whales-save-the-day" rel="null" target="null" text="null" title="null"><em><strong>Bitcoin, stocks shun CPI print win and give up tariff relief gains — Will BTC whales save the day?</strong></em></a></p><p>That level is significant for several reasons, including as a psychological barrier and its status as a liquidity magnet.</p><p>Network economist Timothy Peterson, whose Lowest Price Forward metric previously <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-metric-called-2020-bull-run-69k-new-bottom" rel="null" target="null" text="null" title="null">offered 95% odds</a> that $69,000 would stay intact as support, now sees Bitcoin reversing only after stocks find their own floor.</p><p>“Bitcoin led NthanksAQ on this decline As the asset perceived to be at the top of the risk pyramid, I would expect NthanksAQ to rally first, and then Bitcoin Just something to look for,” he <a data-ct-non-breakable="null" href="https://x.com/nsquaredvalue/status/1910438191523385710" rel="null" target="null" text="null" title="null">revealed</a> this week. </p><blockquote>“But I think NthanksAQ has another -10% to fall.”</blockquote><figure><img alt="Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K" src="https://s3.cointelegraph.com/uploads/2025-04/01962414-daca-7808-b3b6-19a60ec0f644" title=""><figcaption style="text-align: center;"><p><em>Bitcoin vs Nthanksaq comparison. Source: Timothy Peterson/X</em></p></figcaption></figure><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template><p><br></p></p>
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https://cointelegraph.com/news/bollinger...er_inbound