John Bollinger Predicts Bullish Bitcoin Surge & ETF Momentum

Image Credit: U.Today Jan 06, 2024

Bollinger's Optimism

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Challenging Week

[{"selector":"#anim-27945a03-83da-42b7-9c54-adc7ec89e9ff","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1bed9bb4-8504-4925-9d42-341098940299","keyframes":{"transform":["translate3d(-114.90684%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-45d07a4e-84c9-4bac-a070-9f5ae8ad5184","keyframes":{"opacity":[0,1]},"delay":300,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f2a0c1f4-87bd-49f6-a836-986903d570d6","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-df6aad9c-4a57-41f6-a96d-660eb03c2fe5","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e6da4f5-4b13-4f3a-b11d-81cf1ac630bf","keyframes":{"transform":["translate3d(-97.25%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2736324b-6aa1-405a-bc5e-09604cd2f702","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dcb56f72-1b9e-42b7-9736-cda22ca2d26a","keyframes":{"transform":["translate3d(-175%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bitcoin faced a tough week, plummeting to $40,000 amid concerns over a potentially misleading report on SEC's rejection of spot Bitcoin ETF applications, leading to a $650 million market liquidation. Image Credit: Decrypt

Recovery in Progress

[{"selector":"#anim-7e11d33b-cb33-4f77-8959-d6cade74f004","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d65ced54-e1df-41c4-8197-5744ec3b321b","keyframes":{"transform":["translate3d(-116.32654%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e0b6ba08-cd9d-48bb-a99a-f55c6c37c9e4","keyframes":{"opacity":[0,1]},"delay":300,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e100991a-f33f-41be-a9a3-b9edb33cac0a","keyframes":{"transform":["translate3d(-115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7bc13328-1ea6-456c-acbb-91df930ba98c","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cad0ceeb-0067-4f81-9836-5f6dc987a0ba","keyframes":{"transform":["translate3d(-172.03791%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-48949298-940b-4e35-878f-f5a23d327bdb","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cdf5a8df-29fc-4a23-afed-9cb303c42c63","keyframes":{"transform":["translate3d(-90.09434%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Despite the challenges, Bitcoin has bounced back by 1.60%, reaching $43,827.07. The recovery has surpassed the crucial resistance level at $43,000. Image Credit: Decrypt

Altcoin Impact

[{"selector":"#anim-eb027c28-1de0-4ed8-add5-2d28439e5bb4","keyframes":{"opacity":[0,1]},"delay":300,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b6fd404-01f0-420e-8a9c-84bc9b3453a7","keyframes":{"transform":["translate3d(-115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-315f0910-1eac-4029-ba9e-8f822f209a47","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9f2366bf-2a6c-4bb4-8ad7-c11b18134e04","keyframes":{"transform":["translate3d(-116.32654%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b7dc820-28b4-482f-bdb0-9d49f666dedd","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bb56253f-e9b5-4258-b5a1-9524322aa9c3","keyframes":{"transform":["translate3d(-83.44086%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1737a23f-0431-492d-af0a-756fce00ac9e","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-abef3ca8-a625-45e1-9582-3caec7dff939","keyframes":{"transform":["translate3d(-185.1282%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Bitcoin sell-off affected altcoins, with many still struggling to recover from the market turmoil initiated by the news of ETF rejection. Image Credit: CNBC

Support at $43,000

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ETF Decision Awaited

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Inflection Point

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