<ul><li>Renowned trader John Bollinger believes that Bitcoin may be forming a classic Bollinger Band W bottom.</li><li>BTC appears to have found support in the $74,000 area, indicating a potential reversal pattern.</li><li>Confirmation is still needed for the setup to be confirmed, with a move above $90,000 being crucial.</li><li>Bitcoin's trading volumes and momentum oscillator suggest that the selling pressure may be easing.</li></ul>

Bitcoin Poised For W-Bottom Reversal, Says Legendary Trader Bollinger

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