John Bollinger spots fractal 'W' reversal in Bitcoin
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- John Bollinger identified a "W"-shaped double bottom on BTC/USD, with the setup sitting at the lower Bollinger Band on daily charts; he called it "perfectly fractal," noting small 'w's at the nadirs and a small 'm' at the apex.
- Bollinger wrote on X that BTC has seen "a series of bullish patterns broken" since October 2025, questioning "Will this 'W' be the one that breaks the trend?"
- US spot Bitcoin ETFs posted their first net inflows in 10 days on Friday at roughly $220 million, which CryptoQuant's Axel Adler Jr. called evidence that "pressure is easing" in the late stage of the bear cycle.
- Daan Crypto Trades highlighted that BTC held the roughly $60,000 region "regardless of the many outflows," suggesting substantial absorption occurred even during the streak of ETF outflows.
- Bollinger revealed a new long Bitcoin position in early May via his Bitcoin investment vehicle, reinforcing his bullish stance heading into the setup.
Why it matters: The 'W' pattern is forming exactly at Bollinger's own lower band—the indicator he created—giving traders a concrete trigger level on daily timeframes. But Bollinger himself acknowledged a series of bullish patterns already broke since October 2025, so a close above the intervening rejection high is what actually matters, not just the shape of the dip.
