Could Bitcoin be gearing up for a major breakout? Legendary trader John Bollinger thinks so.

On April 10, the creator of Bollinger Bands revealed that BTC might be forming a classic “W-bottom” — a rare and powerful reversal pattern — based on the %b metric on the weekly chart.

“This isn’t confirmed yet, but it’s worth watching,” Bollinger teased on X.

Historically, this setup has signaled explosive upside moves after deep corrections.

Still, daily and weekly charts show BTC clinging to the lower Bollinger Band, with the 20-day SMA acting as a ceiling. No clear breakout — yet.

Adding fuel to the fire, Fidelity’s Jurrien Timmer warns the market is oversold but “not quite at historic lows,” hinting that more pain could come before the gain.

Analyst Timothy Peterson says Bitcoin may now wait for Nasdaq to crash further before making a move — suggesting a deeper dip is still on the table.

Will Bitcoin bounce first... or break even lower?

This setup could be a make-or-break moment. What’s your call?

👇 Drop your prediction!

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