Bollinger Bands Creator "Bitcoin Enters Bull Market"...Declares Fully Invested Status

▲ Bitcoin (BTC) Bull Market

Bitcoin (BTC) has surpassed $80,000 after a 30-day rebound. In response, the creator of Bollinger Bands officially mentioned the entry into a new bull market, and market sentiment is rapidly shifting.

According to the cryptocurrency specialized media Bitcoin.com on May 7 (local time), John Bollinger, the creator of Bollinger Bands and founder of Bollinger Capital Management, stated that his trend model for Bitcoin has turned positive. Bollinger said on social media, “Our trend model for Bitcoin turned positive yesterday, and we took a position in the Tactica program. We are currently fully invested.”

Bitcoin.com reported that Bollinger's latest statement is the first clear bullish assessment since 2025. In January, Bollinger had mentioned the possibility of a breakthrough in the Bitcoin-dollar trading pair but warned, “If it fails here, we go back into the trenches.” This time, he made a statement emphasizing a trend reversal rather than cautious warnings.

Bollinger Bands are one of the widely used technical indicators in the trading industry, used to assess whether an asset's price is relatively high or low and to help investors design strategies dynamically. With Bollinger himself mentioning the bull market transition, positive reactions followed in the trading industry.

Tom Lee also contributed to the shift in market sentiment. He stated that a new crypto spring has arrived, agreeing with Bollinger's assessment. Bitcoin.com reported that Bitcoin has performed positively over the past 30 days despite ongoing geopolitical tensions in the Middle East.

Bitcoin started April below the $70,000 mark and has surpassed $80,000 at the time of writing. Some analysts, including Bollinger, are leaning towards further short-term upside potential, and Bitcoin.com reported that the bear market is weakening and expectations for a new bull market are growing.

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