A week in the green in perspective for Bitcoin (BTC): the 2 successive green candlesticks of May 27 and 28, 2020, gave a good boost to Bitcoin, after its big drop to the level of 8 700 USD during the day May 24, 2020. Bitcoin is at the level of $ 9,533 at the time of this writing; the week was not easy for BTC – a big daily candlestick, attacks by Goldman Sachs and his other detractors – but, Bitcoin has proven once again its strong resistance and resilience.
Bollinger and his band of bulls
The creator of tapes Bollinger, John bollinger, tweeted yesterday, May 29, 2020, where he says he sees a “Beautiful rally” for Bitcoin, if the latter was able to cover their ears, to avoid hearing the songs of the sirens.
The metaphor of Bollinger reminds of a Bitcoin which is approaching a crucial inflection point for bulls.