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# Do not Fret: John Bollinger Rejects Bitcoin Downturn Conversation
Note: The author’s views are personal and do not represent those of U.Today. Economic and market information provided by U.Today is intended for informational purposes only. U.Today is not responsible for any monetary losses incurred from trading digital currencies. Talk to a financial expert and conduct separate research before making any investment choices. We believe all information is correct as of the date of release, but some offers mentioned may no longer be valid.
John Bollinger does not think the current market anxiety is warranted. As the originator of the famous Bollinger Bands indicator, many traders hold his understandings in high esteem. He recently shared his view on the recent Bitcoin price decrease. His message? Do not hurry to call it a downtrend, at least not yet.
Bitcoin has been having difficulties. The price plunged to $85,000, pulling down altcoins and unsettling many in the market. The “Fear & Greed Index” has decreased to 29, a level of fear not seen since September 2024.
The story is changing, with traders murmuring about the start of a prolonged decline. But Bollinger is not persuaded – at least not yet.
He went to X to challenge the negativity, making it clear that it is early to jump to conclusions. His advice? Wait for a lasting bottom to form. That is the real signal. Only then should you consider taking the other side of the trade.
> Seeing headlines today about #bitcoin entering a downtrend. Do not fret! Wait for a lasting bottom and then take the other side of the trade. (BBs can be a big help with this.)
> — John Bollinger (@bbands) February 25, 2025
If you are wondering how to recognize a bottom, Bollinger Bands might provide some assistance. Toncoin (TON) Value Forecast for March 26th
## Bitcoin Price Analysis with Bollinger Bands
Examining Bitcoin utilizing Bollinger Bands on the everyday graph, a significant finding is its descent beneath the lower boundary, a typical indication that the resource could be oversubscribed.
In the past, such violations of the lower band frequently come before a price rebound. Nevertheless, it’s vital to recall that this is merely a likelihood, not a sureness. The upper bands, positioned at $95,640 and $100,910, indicate possible opposition thresholds, denoting a 7.57% and 13.46% rise from the current low, correspondingly.
Bollinger himself recommends restraint, implying that traders should refrain from hastily categorizing the marketplace as bearish and instead await more distinct signals.
Although market opinion could be tilting towards alarm, technical pointers imply a more subtle image. Dealers seeking guidance can discover hints within these bands, keeping a close watch for the subsequent crucial action.
