John Bollinger, an important name in the crypto asset market, made evaluations on the latest price movement of BTC. BTC today’s $ 115,000 level of the crypto community attracted attention, Bollinger’s views on whether this movement is a temporary rise or a permanent return came to the fore. So what does the short -term crypto currency analysis of the Bollinger bands tell us?
Short -term crypto currency analysis
The fact that BTC has recorded a significant price increase during the day and exceeded the critical resistance point caused great mobility in the market. Crypto currency investors and analysts began to discuss whether this price movement was sustainable. In particular, the recent fluctuation of the BTC price directed market participants to be cautious.
John Bollinger examined the mobility in the market through Bollinger bands, which has been developing for a long time. Bollinger claimed that the current price movement may be misleading in his sharing on the social media platform X. This warning after the rapid rise of BTC price is remarkable for investors.
‘Head Fake’ warning from Bollinger
John Bollinger said today’s increase in the price of BTC may be a ‘Head Fake’. The term ‘Head Fake’ means that the movement, which started in a wrong direction in technical analysis, reverses soon. Bollinger emphasized that the price should be followed carefully whether the rise of the price is permanent.
“BTCUSD and some other crypto currencies are a head fake after Bollinger Band Squeeze. Interestingly, this formation is not seen in ETFs, because ETFs are not traded on weekends and holidays. Analysts get careful!”
Expert analyst, investors in the market should not make hasty decisions in such harsh and sudden price movements, he added. Stating that similar price fluctuations in the past could have different results in the long term, Bollinger proposed a cautious approach to investors.
Risks and opportunities for investors
The rapid rise of the BTC led to the evaluation of short-term purchase and sale opportunities among investors. However, experts warn that such movements can often be misleading. Especially in technical analysis indicators, such as Bollinger pointed out, such outputs can be found to create false signals.
Many people who do technical analysis in financial markets take into account Bollinger’s warnings. Because they have been using what is the inventor for years. In particular, investors see current graphics as an opportunity, especially in rapid decreases from high levels (still holding the appetite of last month). However, it is difficult to talk about a definite return both in terms of news flow and in technical appearance, and this may not actually be an opportunity. For example, on Friday, such great second sanctions (for those who buy oil from Russia) are explained that crypto currencies experience something similar to what Iranian tension. In this process, there may not be easy to earn opportunities.
As a result, whether this movement in the price of BTC will be permanent or not, market dynamics and future analyzes will emerge more clearly. Bollinger’s warnings aim to ensure that investors move more cautiously. Investors continue to closely monitor market movements and technical indicators.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
