Could Bitcoin Be Ending Its Slump? Expert Spots a Key 'W' Pattern

Bitcoin (BTC), the world's biggest cryptocurrency, has been stuck in a downtrend (a long period of falling prices) since October 2025. But a well-known market expert now believes the tide could be turning.

John Bollinger — the creator of a famous trading tool called Bollinger Bands (a chart indicator that measures how much a price swings up and down) — says Bitcoin is forming a "W"-shaped reversal pattern. This is a shape on a price chart where the price drops, bounces up a little, drops again, and then finally pushes higher, forming the letter "W". Traders see this as a sign that prices may start rising again.

Here are the key points:

• Bitcoin is on the final part of building this potential "W" shape.
• Bollinger suggests that if it completes successfully, it could "break" the downtrend that's been in place since October 2025.
• Bitcoin recently reclaimed the $60,000 level, and it's holding there.
• At the time of writing, BTC traded around $62,800.

Bollinger noted that the pattern looks "perfectly fractal" — meaning the same "W" shape shows up on both short-term and long-term charts, which he sees as a strong signal. He asked his followers: *"Will this 'W' be the one that breaks the trend?"*

Bollinger has been optimistic (expecting prices to rise) about Bitcoin for a while. Back in early May, he even bought Bitcoin himself through his investment fund.

Still, not everyone agrees the worst is over. Many market watchers think the true bottom (the lowest price before a lasting recovery) may still be coming, possibly in the third quarter of 2026 (July to September), with some predicting a dip toward $50,000.

In short: A respected analyst sees hopeful signs that Bitcoin's long slump could be ending, but caution remains. As always with crypto, prices can swing sharply in either direction.

This is an AI-generated summary. Read the original article at: https://cointelegraph.com/markets/bollinger-bands-creator-eyes-bitcoin-bear-market-end-w-shaped-reversal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound