John Bollinger, a well-known figure in financial analysis, suggests that Bitcoin's current downtrend might be nearing its end.
His analysis is based on the Bollinger Bands indicator, a tool frequently used in trading to assess market volatility and trend strength.
Bollinger's comments have sparked interest in the cryptocurrency community, as many are looking for signs of a market turnaround.
This potential change in Bitcoin's trajectory is closely watched by investors and traders alike.