{"id":567340,"date":"2021-06-16T11:30:09","date_gmt":"2021-06-16T08:30:09","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=567340"},"modified":"2021-06-16T11:30:09","modified_gmt":"2021-06-16T08:30:09","slug":"bitcoin-is-trying-to-move-higher-48k-to-50k-its-first-real-target","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-is-trying-to-move-higher-48k-to-50k-its-first-real-target\/","title":{"rendered":"Bitcoin is Trying to Move Higher, $48k to $50k its First Real Target"},"content":{"rendered":"
Legendary trader and the inventor of the popular charting tool of Bollinger Bands, John Bollinger<\/a>, has postulated that Bitcoin could retest the $48k to $50k price area in the near future. Mr. Bollinger<\/a> shared his opinion in response to a Tweet by crypto community member, @BigCheds, who had requested his input on Bitcoin’s next possible course of action, based on the Bollinger Bands on the daily chart.<\/p>\n Mr. Bollinger went on to respond that a Bitcoin bottom is likely in place and BTC<\/a> is trying to move higher. According to his analysis, Bitcoin could retest the lower boundaries of the prior range of Bollinger Bands witnessed in the second half of the month of May. This range is the aforementioned $48k to $50k target set by Mr. Bollinger.<\/p>\n Below is a screenshot of the Twitter conversation<\/a> between Mr. Bollinger and @BigCheds, discussing Bitcoin’s current price action.<\/p>\n