😱🚀🚀Legendary Investor John Bollinger Announces Her Legendary Bitcoin (BTC) Price Prediction

Legendary Bitcoin (BTC) trader and creator of the Bollinger Bands strategy, John Bollinger, is optimistic about the future of the digital currency. John Bollinger, in a statement to the official X account, predicted that the Bitcoin price will "rise higher" than the current position, judging by the information obtained from the Bollinger Bands chart he shared.

The Bitcoin price faced one of its toughest weeks in recent months as it fell as low as $40,000 this week on the news that many experts labeled a misleading report from Matrixport on the potential rejection of spot Bitcoin exchange traded fund (ETF) applications by the US Securities and Exchange Commission (SEC)..

Bitcoin bears took advantage of the news to force a massive sell-off, bringing the total liquidations on the market at the time to over $650 million. The Bitcoin decline has also dragged down altcoins, and most of them have generally not recovered yet.

The Bollinger forecast comes at a time when the price of Bitcoin has increased by 1.60% in the last 24 hours to $ 43,827.07. BTC broke the psychologically important resistance level at $43,000 during the overnight recovery process. If Bollinger's prediction comes true, the coin could convert this level into its support.
Bitcoin ETF approval outlook
According to current industry trends, Bitcoin and the overall Sunday have entered a very important stage, with the expected decision on the Ark 21Shares application, as well as others that are likely to start using it any time from now on.

Industry experts are still optimistic about the prospects for gaining approval, with Bloomberg ETF analysts Eric Balchunas and James Seyffart publishing a projection of a 90% approval rate last year. Each of the applicants to the Spot Bitcoin etf also ticked the right boxes, as it relates to the Sec's expectations regarding their respective applications.