Bitcoin (BTC) is ending a “perfectly fractal” reversal pattern that a prominent analyst hopes could end a bear market.
Key Points:
- Bitcoin is in the final stages of what could become a major W-shaped reversal pattern.
- John Bollinger suggests that its success could “break” the downward trend that has been ongoing since October 2025.
- Institutional interest is slowly returning with the newly recovered $60,000 in possession.
John Bollinger suggests that a BTC ‘W’ price reversal could break the bears
In Friday’s posts on X, John Bollinger, creator of the Bollinger Bands Volatility Indicator, spotted a “W”-shaped double bottom in BTC/USD.
“$BTC has seen a series of breakouts in bullish patterns, which is evidence of the strength of the downtrend,” he said commented.
“Will this ‘W’ break the trend?”
A W-shaped reversal involves two lows with a rejected bounce in between, with price eventually breaking above the rejection level, creating a fresh uptrend.
Bollinger loaded a chart showing how closely the current setup lines up with the lower band of the Bollinger Bands indicator on daily time frames.
“Notice that this is a perfect fractal. The little ‘w’ is at the nadirs and the little ‘m’ is at the top,” he added, also pointing to the letter “W” on the weekly chart.
BTC/USD one-day chart with Bollinger bands. Source: John Bollinger/X
Bollinger has been maintaining growth on BTC for some time. In early May he revealed a fresh long position via its Bitcoin investment vehicle.
How – Cointelegraph reportedan increasing number of price indicators are flashing signals not seen since the last bear market in 2022. Nevertheless, market participants widely believe that the next macroeconomic bottom is yet to come and will happen payable in the third quarter or later.
The inflow of Bitcoin ETFs comes amid robust supply “absorption.”
Continuing, analyst Axel Adler Jr., an associate of onchain analytics platform CryptoQuant, emphasized the importance of the re-emergence of interest from institutional buyers.
Related: Bitcoin price is 62.3 thousand. dollars nine days after global stocks hit an all-time high
U.S. spot Bitcoin Exchange Traded Funds (ETFs) surged on Friday first net receipts in ten days.
“Bitcoin is in the late stages of a bear cycle, but the ETF segment has signaled for the first time that the pressure is easing,” he said. summarized on X
US Bitcoin ETF spot network flows. Source: Axel Adler Jr./X
Trader Daan Crypto Trades admitted that while the $220 million inflows “were not huge,” they could have the effect of supporting BTC prices in the future.
“It’s also worth noting that the price remains at ~$60K despite multiple outflows. This will be significant if the price rebounds next week as it means there has been a lot of absorption,” he added. he said X followers
