The recent behavior of Bitcoin has once again attracted the attention of John Bollinger, the renowned trader and creator of the Bollinger Bands, who has identified a significant pattern in the BTC/USD chart.
This signal, known as “Three Pushes to a High”, is often associated with potential reversals during prolonged bull phases and could indicate a turning point in the upcoming movements of Bitcoin.
The return of John Bollinger on Bitcoin movements
After almost two months of silence, John Bollinger decided to share his observations on Bitcoin, highlighting a rare but very influential technical formation in market analysis.
The last time he had talked about BTC was on April 10, when the price of Bitcoin was around 76,000 dollars and a “W” shaped pattern was developing, a signal of potential growing strength.
That indication proved to be correct: Bitcoin reached a new all-time high, nearing 112,000 dollars at the end of May, marking a phase of intense and parabol
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