Legendary Technical Analyst Thinks Bitcoin Has Room to Move Higher

Legendary Technical Analyst Thinks Bitcoin Has Room to Move Higher

Gate Trade News Wednesday, November 18, 2020 56 0

Bitcoin has roared higher over the past few weeks as buyers have begun to rush in.

John Bollinger, the legendary technical analyst that made the Bollinger Bands technical indicator, is bullish.

 

He recently wrote that he thinks the “path of least resistance is higher” for Bitcoin.John Bollinger, the legendary technical analyst that made the Bollinger Bands technical indicator, commented on Bitcoin:

 

“Looks like I was wrong about the chance of a correction, all we got was a bit of consolidation and then back to the races. $btcusd Broken setups like this are signs of strength so currently the path of least resistance is higher. #BTC.”