{"id":405442,"date":"2019-11-26T07:39:35","date_gmt":"2019-11-26T07:39:35","guid":{"rendered":"https:\/\/wncen.com\/?p=405442"},"modified":"2024-06-11T13:34:30","modified_gmt":"2024-06-11T13:34:30","slug":"analyst-called-bitcoin-surge-10000-bottom","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/analyst-called-bitcoin-surge-10000-bottom\/","title":{"rendered":"Analyst That Called Bitcoin Surge to $10,000 Suggests Bottom is Nearing"},"content":{"rendered":"

In the middle of October, John Bollinger, the prominent technical analyst behind the Bollinger Bands indicator, remarked that Bitcoin (BTC) was going to see a so-called “head fake.”<\/p>\n

For those unaware, a head fake in technical analysis terms is when an asset falls out of the Bollinger Bands, an indicator that estimates trading ranges, then violently snaps back into the range as if the asset has entered into either a bull or bear trap.<\/p>\n

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Good potential for a Head Fake in $BTCUSD<\/a>. Wait for it. https:\/\/t.co\/JR0rYZdUfS<\/a><\/p>\n

— John Bollinger (@bbands) October 16, 2019<\/a><\/p><\/blockquote>\n