Bitcoin’s Future: W-bottom Pattern Hints at Potential Bullish Reversal

Recent fluctuations in Bitcoin’s price have brought it close to a record breaking level of $79,508. The recent rebound coincides with the US pausing contentious tariffs, potentially influencing both equity and digital asset markets. Technical analyst John Bollinger suggests this could be forming a W-bottom pattern on his Bollinger Bands, historically indicating a bullish reversal after significant price drops.