Bollinger spots 'W' double bottom in Bitcoin
SkimNews Take
A "W" bottom only confirms once price breaks the neckline, so Bollinger's public call effectively turns a pending trigger into a widely watched one — the pattern becomes self-validating as traders position for the very breakout he described.
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- John Bollinger identified a 'W'-shaped double bottom on BTC/USD via Friday X posts, suggesting the pattern could break the downtrend in place since October 2025
- Bollinger called the setup 'perfectly fractal,' noting it aligns with the lower Bollinger Band on daily timeframes, with smaller 'w's at the nadirs and an 'm' at the apex, plus a 'W' visible on the weekly chart
- US spot Bitcoin ETFs recorded their first net inflows in ten days on Friday, totaling roughly $220 million according to trader Daan Crypto Trades
- CryptoQuant's Axel Adler Jr. summarized that Bitcoin is in the 'late stage of the bear cycle' but said the ETF segment has for the first time signaled that selling pressure is easing
- Daan Crypto Trades pointed out that BTC has held the ~$60,000 region despite repeated outflows, calling the 'absorption' meaningful if price continues to bounce into next week
- Bitcoin tagged a nine-day high at $62,300 while institutional interest slowly returned to the newly reclaimed $60,000 level
Why it matters: If the 'W' completes and decisively breaks October's rejection level, the technical bear-market thesis that most market participants still hold — with a macro bottom not expected until Q3 or later — would be challenged by a top-tier technical analyst's framework.
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