Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K

Date: 2025-04-11

Bitcoin (BTC) is exhibiting familiar “bottom” behavior at current prices, according to one of its best-known leading indicators. In an X post on April 10, John Bollinger, creator of the Bollinger Bands volatility metric, offered potentially good news to Bitcoin bulls.Bollinger bands %b metric teases BTC price comebackBitcoin may already be establishing a long-term bottom, the latest Bollinger Bands data suggests.Analyzing weekly timeframes, Bollinger drew attention to one of his proprietary indicators, known as “%b,” which offers further clues about market trend reversals.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). Among ...

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