#BTCRebound John Bollinger, creator of the volatility metric of the Bollinger Bands, shared what potentially seems like good news for Bitcoin bulls.

Bitcoin is showing familiar bottom behavior at current prices, according to one of its most well-known leading indicators.

The %b metric of the Bollinger Bands anticipates the recovery of BTC's price,

Bitcoin may already be establishing a long-term bottom, according to the latest data from the Bollinger Bands.

Analyzing weekly time frames, Bollinger drew attention to one of his proprietary indicators, known as "%b", which offers more clues about market trend changes.

The %b indicator measures an asset's closing price in relation to the position of the Bollinger band, using the standard deviation around a simple moving average (SMA) of 20 periods.

One of its features is the formation of a "W" bottom, where an initial low below zero is followed by a new higher low, something that could be in play for the BTC/USD pair.