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via CoinDesk · By CoinDesk Staff

Bitcoin price analysis: BTC tests Bollinger Bands breakout as its creator flips bullish

BTC

BTC/USDT

$79,956.00

+0.29%

$79,956.00

+0.29%

(24s)

24h Volume

$6,970,863,263.18

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0027%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,812.01

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,812.01

Support 1$79,635.96

Support 2$77,523.79

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.7

CoinDesk Staff

(02:09 PM UTC)

1 min read

Approved bySarah Chen

0 comments

A related MVRV indicator hit overheated levels last seen before bitcoin's late-2024 push to $100,000.

The creator of the popular technical analysis indicator Bollinger Bands has taken a position in bitcoin, an asset his own indicator is currently flashing bullish on.

John Bollinger, who developed the indicator in the 1980s, said in an X post that one of his investment fund's proprietary trading…

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Source

CoinDesk Staff · CoinDesk

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