Bollinger's Model Says 'Buy' Bitcoin

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Legendary technical analyst John Bollinger has turned bullish on Bitcoin (BTC) after the flagship coin reclaimed the $80,000. The creator of the famed Bollinger Bands indicator took to X (formerly Twitter) to share that his trend model for the flagship cryptocurrency has turned positive. Acting on this signal, Bollinger confirmed that his fund's "Tactica" program has initiated a new position and is now "fully invested" in BTC. Yesterday our trend model for Bitcoin turned positive and we took a position in our Tactica program, which is now fully invested. $BTC The vote of confidence is quite significant given the strong track record of accurate predictions that had been made by Bollinger. The recent price action might not be a mere dead-cat bounce after all. Bitcoin has pulled off a truly relentless ascent since the beginning of May. The asset carved out a sequence of higher highs and higher lows, characterized by strong impulsive green candles. Earlier today, it peaked around $82,400, reaching a multi-month high. According to Santiment, Bitcoin’s climb back toward $82,800 still leaves the asset with a year-to-date (YTD) return of -6%. The firm notes that Bitcoin needs to reach $88,000 just to break even for 2026. This level will likely be a major psychological stepping stone. 📊 Bitcoin’s climb back to $82.8K has left crypto’s top asset with a YTD return of -6%. During the early February crash, $BTC was down as much as -27%. Expect $88K, which would ...