John Bollinger, the creator of the Bollinger Bands indicator, has gone long on bitcoin — and his own tool is currently signaling bullish momentum for the crypto.
In an X post, Bollinger said a proprietary trading model used by one of his investment funds recently flipped positive on BTC and the fund took a position. That endorsement is notable because Bollinger Bands, the volatility-based indicator he developed in the 1980s, is now showing a breakout setup on bitcoin’s daily chart.
Quick refresher: Bollinger Bands plot two lines two standard deviations above and below the 20-day moving average. Wide bands = high volatility; tight bands (a “squeeze”) indicate calm and often precede a big move. A daily close above the upper band is traditionally read as strong upward momentum, particularly when it follows a prolonged squeeze.
According to TradingView, bitcoin posted a daily close above the upper Bollinger Band on Wednesday — only the second such close since mid-January — after experiencing its tightest-ever band reading earlier. At press time BTC was trading just above $80,000 (around $80,484) while the upper band sat near $81,549; price and band levels can shift quickly as new candles form.
What traders will watch over the weekend is whether BTC can establish a foothold above the upper band. A sustained move higher would reinforce the bullish signal; a rejection would likely push the market back into a choppy range. Bitcoin is up roughly 9% over the past 30 days but remains about 36% below its October 2025 all-time high of $126,000.
Read more AI-generated news on: undefined/news
