John Bollinger Issues Bitcoin 'Head Fake' Warning
Main Idea
John Bollinger warns of a potential 'head fake' in Bitcoin's price movement, while Bitcoin experiences volatility, dropping to a multi-week low before recovering slightly.
Key Points
1. Bitcoin plunged to a multi-week low of $111,919 on Bitstamp before recovering to $115,732.
2. Bitcoin's current price is $115,229 on Bitstamp.
3. Bitcoin reached an all-time high of $122,838 on July 14.
4. John Bollinger highlights a potential 'head fake' in Bitcoin's price movement, suggesting caution.
Description
Bitcoin and other cryptocurrencies are now setting up a "head fake" following a Bollinger Band squeeze
$BTC
$117748.3
+0.89%
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