John Bollinger, the creator of the Bollinger Bands indicator and founder of Bollinger Capital Management, said this week that his trend model has turned positive for Bitcoin. The signal, he stated, marks the start of a new bull market and suggests the bear market that has weighed on the crypto industry is finally subsiding.
The model's bullish signal
Bollinger's proprietary trend model — a tool separate from the widely used Bollinger Bands — flipped to a positive reading, according to the technical analyst. He described the shift as an indication that Bitcoin is entering a new upward cycle. The model's signal carries weight in the trading community because Bollinger is one of the most recognizable names in technical analysis.
Bear market winding down
Beyond the model itself, Bollinger offered a broader assessment: the bear market that has plagued crypto is weakening. His comments come after a prolonged downturn that saw prices fall sharply from their peaks. While Bollinger did not provide a specific timeline, his view aligns with a growing sense among some traders that the worst may be over.
Bollinger's statement is one of the more prominent calls from a well-known technical analyst that the cycle is turning. He didn't cite specific price targets or dates, but the direction is clear.
