Posted 1/6/2024, 8:28:00 AM
Bitcoin Poised to Rally Higher After Recent Plunge, Legendary Trader Bollinger Predicts
- Legendary trader John Bollinger predicts Bitcoin price will "break higher" from current levels based on his Bollinger Bands analysis
- Bitcoin faced one of its toughest weeks recently, dropping to $40k on news of potential SEC rejection of Bitcoin ETF applications
- The Bitcoin plunge brought total liquidations to over $650 million and dragged down altcoins as well
- Bollinger's forecast comes as Bitcoin recovers to $43.8k, breaking the key $43k resistance level overnight
- Industry experts remain optimistic on prospects for SEC approval of Bitcoin ETFs, with analysts projecting 90% odds of approval