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

From cointelegraph.com

Bitcoin 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. Bitcoin 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, ... (full story)