#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 a 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 the closing price of an asset 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 bottom in "W", where an initial minimum below zero is followed by a new higher minimum, something that could be at play for the BTC/USD pair.