Veteran trader and analyst John Bollinger, who is well known for developing the Bollinger Bands technical indicator has recently suggested in his tweet that the crypto market could be entering a new arrangement. The popular analyst has found out some unusual trading patterns and has witnessed that Bitcoin has been range-bound for the past two weeks, with the bulls struggling to break through heavy resistance at the level of $36K. John Bollinger Spots Unusual Trading Patterns, Doubts Crypto Market is Entering a New Regime The recent crash in the market has led to a lot of struggle for the bulls to break through some important levels in the crypto asset. For quite some time now, Bitcoin has not been able to show a significant uptrend even though the bulls are trying hard to push up the price of the asset. In accordance with the data released by the leading market aggregators, a lot of DeFi coins such as Synthetix and Aave Compound have recently surged over 20%. In addition to this, it should be noted that there have been reports from the analyst at JPMorgan that the dominance of the leading crypto coin revisiting 50% would be healthy for the market. As for the present price range of Bitcoin, it is being traded around 49% below the peak that it made back in the month of April. Bitcoin Slips Below The Level of $33K It has been witnessed twice when Bitcoin has tried to jump to the levels of $35K and $36K, but both the time, the bulls failed and the bears prevailed and the price of Bitcoin slipped below the mark of $33K. As the bears intensified their pressure, the flagship cryptocurrency lost over $2K and plunged to the level of $32,800, marking the lowest price of the asset since July 2.
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