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Bitcoin shows signs of trend reversal with potential breakout above $66,000, says Bollinger.

Technical Signals
04 Jul 2026
FXEmpire
View Source
Bullish
Bitcoin shows signs of trend reversal with potential breakout above $66,000, says Bollinger.

John Bollinger, creator of the Bollinger Bands, predicts a trend reversal for Bitcoin after a recent price rebound from $60,000 support forming a bullish 'W' pattern. Bitcoin ETFs ended a 10-day outflow streak with $224 million inflows, though overall sentiment remains cautious. A break above $66,000 could trigger a short squeeze and push Bitcoin towards a $74,000 target, while a weekly buy signal suggests the current cycle low may be near. Investors should watch for momentum indicators confirming this bullish shift.

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