{"id":568319,"date":"2024-01-06T03:30:24","date_gmt":"2024-01-06T03:30:24","guid":{"rendered":"https:\/\/uniquehot.com\/?p=568319"},"modified":"2024-06-11T14:28:54","modified_gmt":"2024-06-11T14:28:54","slug":"trading-guru-john-bollinger-forecasts-bitcoin-breakout-50000-on-the-horizon","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/trading-guru-john-bollinger-forecasts-bitcoin-breakout-50000-on-the-horizon\/","title":{"rendered":"Trading Guru John Bollinger Forecasts Bitcoin Breakout, $50,000 On The Horizon?"},"content":{"rendered":"<p>John Bollinger, a legendary Bitcoin (BTC) trader known for creating the Bollinger Bands strategy, has recently <a href=\"https:\/\/twitter.com\/bbands\/status\/77892138?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">shared<\/a> an optimistic view on Bitcoin&#8217;s future.<\/p>\n<h2>Bitcoin Poised For Further Surge?<\/h2>\n<p>In a post on X, John suggest that Bitcoin&#8217;s price is likely to &#8220;break higher&#8221; from its current levels. This <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-at-a-crossroads-economists-doom-prediction-clashes-with-spot-etf-approval-hopes\/\" target=\"_blank\" rel=\"noopener \">prediction<\/a> is based on his analysis using the Bollinger Bands chart, a popular technical analysis tool he developed. For context, Bollinger Bands are a type of statistical chart characterizing the prices and volatility of an asset over time.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-at-a-crossroads-economists-doom-prediction-clashes-with-spot-etf-approval-hopes\/\" target=\"_blank\" rel=\"noopener \">Bitcoin At A Crossroads? Economist\u2019s Doom Prediction Clashes With Spot ETF Approval Hopes<\/a><\/div>\n<p>They consist of a set of three lines: the middle line typically represents the simple moving average of the asset\u2019s price, and the other two lines are plotted at a standard deviation above and below the average. This tool helps traders to assess market conditions and potential price movements.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I think it breaks higher. <a href=\"https:\/\/twitter.com\/search?q=%24btc&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$btc<\/a><a href=\"https:\/\/t.co\/vH9yoFa2Ut\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/t.co\/vH9yoFa2Ut<\/a><\/p>\n<p>\u2014 John Bollinger (@bbands) <a href=\"https:\/\/twitter.com\/bbands\/status\/77892138?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">January 4, 2024<\/a><\/p><\/blockquote>\n<p>Bollinger&#8217;s prediction using this methodology indicates a positive outlook for Bitcoin, especially significant in light of the recent market turbulence.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/pdfU3IN1\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">Bitcoin (BTC) price is moving sideways on the 4-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2>Bitcoin&#8217;s Recovery And $50,000 Price Target<\/h2>\n<p>So far, Bitcoin&#8217;s journey in the crypto market has been marked by resilience, as evidenced by its recovery from a notably down turn in the market that resulted in the asset to trade in the <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-falls-below-42000-short-term-holders-rush-to-cash-in\/\" target=\"_blank\" rel=\"noopener \">$40,000 region<\/a>.<\/p>\n<p>Currently trading above the $43,000 mark, Bitcoin has shown a 3% growth in the past 7 days. This rebound is particularly noteworthy following a <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-plunges-more-than-6-amid-matrixports-contradictory-reports\/\" target=\"_blank\" rel=\"noopener \">bearish report from Matrixport<\/a> concerning a <a href=\"https:\/\/www.matrixport.com\/institutions\/research\/matrix-on-target\/813\" target=\"_blank\" rel=\"noopener nofollow\">rejection<\/a> of spot Bitcoin exchange traded funds (ETFs) by the US Securities and Exchange Commission (SEC).<\/p>\n<p>Joining Bollinger in bullish predictions is Dan Gambardello, another well-respected analyst in the crypto space. Gambardello has <a href=\"https:\/\/x.com\/cryptorecruitr\/status\/81748303?s=20\" target=\"_blank\" rel=\"noopener nofollow\">projected<\/a> an upward breakout for Bitcoin, potentially leading the digital currency to reach the $50,000 mark in the short-term and <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoins-2024-forecast-from-60000-to-500000-top-experts-share-bold-predictions\/\" target=\"_blank\" rel=\"noopener \">$60,000<\/a> in the long term.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-analyst-reveals-the-price-btc-wont-drop-below\/\" target=\"_blank\" rel=\"noopener \">Bitcoin\u2019s Unshakable Bottom: Analyst Reveals The Price BTC Won\u2019t Drop Below<\/a><\/div>\n<p>This projection is tied to the anticipation of a spot Bitcoin ETF approval, which could serve as a significant catalyst for Bitcoin&#8217;s price movement. Gambardello explains that this upward trend would represent a historical breakthrough for Bitcoin, especially in terms of breaking through the lower highs of its Fibonacci level.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Bitcoin ETF Ticking Time Bomb! Approval Could Trigger Historic Crypto Rally!<\/p>\n<p>Intro 00:00<br \/>\nBig Grayscale news 1:10<br \/>\nBitcoin ETF final stretch 2:30<br \/>\nBTC price pressure building 3:15<br \/>\n$50k Bitcoin target 5:10<br \/>\nBTC attempting something it\u2019s never done 6:30<br \/>\nBitcoin dominance and altcoins\u2026 <a href=\"https:\/\/t.co\/uZZ2YrblCO\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/uZZ2YrblCO<\/a><\/p>\n<p>\u2014 Dan Gambardello (@cryptorecruitr) <a href=\"https:\/\/twitter.com\/cryptorecruitr\/status\/81748303?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">January 4, 2024<\/a><\/p><\/blockquote>\n<p>Notably, it is evident that the predictions from both Bollinger and Gambardello hinge significantly on the US SEC decision regarding the approval of a spot Bitcoin ETF. While optimism prevails, Gambardello has also cautioned that a rejection could lead to a decline in Bitcoin&#8217;s price, potentially dropping below $40,000 to find <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-analyst-reveals-the-price-btc-wont-drop-below\/\" target=\"_blank\" rel=\"noopener \">support around $37,000<\/a>.<\/p>\n<p>Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>John Bollinger, a legendary Bitcoin (BTC) trader known for creating the Bollinger Bands strategy, has recently shared an optimistic view on Bitcoin&#8217;s future. Bitcoin Poised For Further Surge? In a post on X, John suggest that Bitcoin&#8217;s price is likely to &#8220;break higher&#8221; from its current levels. This prediction is based on his analysis using the Bollinger Bands chart, a popular technical analysis tool he developed. For context, Bollinger Bands are a type of statistical chart characterizing the prices and volatility of an asset over time. Related Reading: Bitcoin At A Crossroads? Economist\u2019s Doom Prediction Clashes With Spot ETF Approval Hopes They consist of a set of three lines: the middle line typically represents the simple moving average of the asset\u2019s price, and the other two lines are plotted at a standard deviation above and below the average. This tool helps traders to assess market conditions and potential price movements. I think it breaks higher. $btchttps:\/\/t.co\/vH9yoFa2Ut \u2014 John Bollinger (@bbands) January 4, 2024 Bollinger&#8217;s prediction using this methodology indicates a positive outlook for Bitcoin, especially significant in light of the recent market turbulence. Bitcoin&#8217;s Recovery And $50,000 Price Target So far, Bitcoin&#8217;s journey in the crypto market has been marked by resilience, as evidenced by its recovery from a notably down turn in the market that resulted in the asset to trade in the $40,000 region. Currently trading above the $43,000 mark, Bitcoin has shown a 3% growth in the past 7 days. This rebound is particularly noteworthy following a bearish report from Matrixport concerning a rejection of spot Bitcoin exchange traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Joining Bollinger in bullish predictions is Dan Gambardello, another well-respected analyst in the crypto space. Gambardello has projected an upward breakout for Bitcoin, potentially leading the digital currency to reach the $50,000 mark in the short-term and $60,000 in the long term. Related Reading: Bitcoin\u2019s Unshakable Bottom: Analyst Reveals The Price BTC Won\u2019t Drop Below This projection is tied to the anticipation of a spot Bitcoin ETF approval, which could serve as a significant catalyst for Bitcoin&#8217;s price movement. Gambardello explains that this upward trend would represent a historical breakthrough for Bitcoin, especially in terms of breaking through the lower highs of its Fibonacci level. Bitcoin ETF Ticking Time Bomb! Approval Could Trigger Historic Crypto Rally! Intro 00:00 Big Grayscale news 1:10 Bitcoin ETF final stretch 2:30 BTC price pressure building 3:15 $50k Bitcoin target 5:10 BTC attempting something it\u2019s never done 6:30 Bitcoin dominance and altcoins\u2026 pic.twitter.com\/uZZ2YrblCO \u2014 Dan Gambardello (@cryptorecruitr) January 4, 2024 Notably, it is evident that the predictions from both Bollinger and Gambardello hinge significantly on the US SEC decision regarding the approval of a spot Bitcoin ETF. While optimism prevails, Gambardello has also cautioned that a rejection could lead to a decline in Bitcoin&#8217;s price, potentially dropping below $40,000 to find support around $37,000. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":538164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1057,1119,78790,6664,62408],"class_list":["post-568319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bollinger-bands","tag-btc","tag-btcusdt","tag-crypto","tag-john-bollinger"],"acf":[],"yoast_head":"\n<title>Trading Guru John Bollinger Forecasts Bitcoin Breakout, $50,000 On The Horizon?<\/title>\n<meta name=\"description\" content=\"John Bollinger, a legendary Bitcoin (BTC) trader known for creating the Bollinger Bands strategy, has recently shared an optimistic...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Trading Guru John Bollinger Forecasts Bitcoin Breakout, $50,000 On The Horizon?","url":"http:\/\/uniquehot.com\/news\/trading-guru-john-bollinger-forecasts-bitcoin-breakout-50000-on-the-horizon\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/trading-guru-john-bollinger-forecasts-bitcoin-breakout-50000-on-the-horizon\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bollinger bands","btc","btcusdt","crypto","john bollinger"],"dateCreated":"2024-01-06T03:30:24Z","datePublished":"2024-01-06T03:30:24Z","dateModified":"2024-06-11T14:28:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Trading Guru John Bollinger Forecasts Bitcoin Breakout, $50,000 On The Horizon?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/trading-guru-john-bollinger-forecasts-bitcoin-breakout-50000-on-the-horizon\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/trading-guru-john-bollinger-forecasts-bitcoin-breakout-50000-on-the-horizon\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bollinger bands\",\"btc\",\"btcusdt\",\"crypto\",\"john bollinger\"],\"dateCreated\":\"2024-01-06T03:30:24Z\",\"datePublished\":\"2024-01-06T03:30:24Z\",\"dateModified\":\"2024-06-11T14:28:54Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/568319"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=568319"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/568319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/538164"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=568319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=568319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=568319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}