John Bollinger suggests a 'W'-shaped reversal pattern could signal the end of the bear market for BTC, while institutional interest is slowly returning.
Noted analyst John Bollinger has identified what he believes to be a significant technical indicator in Bitcoin's price movement. He argues that the current setup on the cryptocurrency mirrors a 'W'-shaped double bottom pattern, potentially signaling an end to the bear market that began in October 2025.
According to Bollinger’s analysis, this reversal is not just a simple dip but part of a larger fractal structure within the daily and weekly charts. The formation involves two swing lows with a rejected rebound between them, leading to a new uptrend if successfully broken through. This pattern has caught the attention of traders due to its historical significance in financial markets.
Bollinger’s insight comes at a time when institutional interest is slowly returning to Bitcoin. Recently, US spot Bitcoin ETFs experienced their first net inflows in ten days, indicating that the pressure on prices may be easing. Analyst Axel Adler Jr., from CryptoQuant, highlights this as a positive sign for BTC support levels.
While these technical and market signals are encouraging, they do not guarantee an immediate reversal or recovery of Bitcoin's price. The broader context remains challenging with many experts expecting the next macro bottom to occur in Q3 or later. However, Bollinger’s bullish stance on BTC is bolstered by recent positive developments such as ETF inflows and institutional buying interest.
Traders should remain cautious but attentive. A critical factor will be whether the $60K price level holds support going forward. If Bitcoin successfully breaks through the resistance levels identified in the 'W'-shaped pattern, it could mark a significant shift in market sentiment.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.