Bitcoin’s recent surge above $82,000 marks a new high, the highest seen in several months. This indicates strong market demand and investor confidence, and could attract further institutional investment.
While more investment signals an uptrend for BTC, renowned analyst and inventor of Bollinger Bands, John Bollinger, has indicated he is bullish on Bitcoin.
Sharing his latest analysis from account X, John Bollinger stated that the BTC trend has turned bullish and that he has allocated his entire portfolio to BTC.
At this point, Bollinger stated that his self-developed BTC trend model turned positive yesterday, and announced that he had invested all his money in Bitcoin.
Bollinger stated that all the money in his crypto-focused fund, Tactica, is invested entirely in Bitcoin and that he has no cash assets.
“Yesterday, our trend pattern for Bitcoin turned positive, and our Tactica fund is now fully invested in Bitcoin.”
This demonstrates confidence in Bitcoin’s rise and could encourage other investors to follow suit, pushing prices even higher.
*This is not investment advice.