
John Bollinger, creator of the Bollinger Bands indicator, announced that his trend model has flipped positive for Bitcoin, signaling the start of a new bull market. This shift comes after months of choppy price action and negative sentiment in the crypto market. Traders widely use Bollinger Bands to track volatility and price extremes, making this signal significant for market participants. While optimism grows, external factors like regulations and economic changes could still impact Bitcoin's momentum, so traders remain cautious as they watch for confirmation in the coming weeks.