Bitcoin News (July 7, 2025)- Bitcoin Nears New All-Time High, Expert Says
Bitcoin News (July 7, 2025)- Renowned technical analyst John Bollinger, the creator of the famed Bollinger Bands indicator, has recently signaled that Bitcoin may be gearing up for a significant upside breakout. Known for his accurate market calls, Bollinger’s latest insight has reignited excitement among crypto enthusiasts and traders alike.
Bollinger’s Track Record Speaks Volumes
At 75 years old, Bollinger continues to be a highly respected figure in the trading community. His past predictions have often hit the mark with remarkable precision. Notably, in April, he identified a classic Bollinger Band W bottom pattern — a strong bullish reversal indicator — just as Bitcoin dipped to $74,434. Within weeks, Bitcoin surged by roughly 30%, wiping out earlier losses caused by tariff-induced market volatility.
Similarly, in late February, when Bitcoin fell to a local low of $78,197 amid market panic, Bollinger spotted a prime buying opportunity. His call proved correct as Bitcoin rallied 21% in just three days, demonstrating his keen ability to read market signals even in turbulent conditions.
Bitcoin Nears All-Time Highs
Currently, Bitcoin is on the cusp of making history again, recently closing at an all-time high of $109,233. At the time of writing, the cryptocurrency is less than 3% away from smashing its previous record. Market momentum remains firmly in the hands of bulls, suggesting that the potential for further gains is very much alive.
While no prediction is guaranteed, Bollinger’s insights continue to command attention. Investors and analysts will be watching closely to see if Bitcoin’s next move confirms the legendary trader’s bullish outlook.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
