Legendary technical analyst John Bollinger has expressed his opinion that Bitcoin is preparing for an “upside breakout.”
Bitcoin appears to be set up for an upside breakout. $btcusd more as the week goes on.
– John Bollinger (@bbands) July 6, 2025
The 75-year-old trader known for his development of the technical indicator for the “Bollinger Band” is particularly known for his highly successful predictions. Therefore, he is considered such an authoritative voice within the community.
In April, for example, he managed to nail the exact bottom. On April 7th, major cryptocurrencies collapsed to $74,434. On April 10, Bollinger said cryptocurrency forms the classic Bollinger band W-bottom. This is a bullish reversal pattern.
The major cryptocurrencies rose 30% within a month from Bollinger’s Post, reducing all losses they suffered during the tariff-induced mayhem.
The same scenario took place in late February. On February 28th, cryptocurrency slid to a local low of $78,197 in exchange for bit stamps. Bollinger while the market was in panic mode Spots A long opportunity. Bitcoin has skyrocketed 21% in just three days.
Although there is no guarantee that Bollinger is right this time, his post is worth paying attention.
In the meantime, major cryptocurrencies have now won the highest ever-held range ($109,233), and the Bulls appear to be in tight control.
At the time of pressing, Bitcoin is less than 3% since it sets a high for new records.