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Coin Telegraph
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Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K
- Bitcoin is exhibiting familiar “bottom” behavior at current prices, according to John Bollinger, creator of Bollinger Bands.
- Bitcoin may already be establishing a long-term bottom, indicated by Bollinger Bands' %b metric.
- BTC/USD is showing a potential W bottom formation, which still needs confirmation.
- Bitcoin's price bottom targets center around the $70,000 mark.
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