355
142 shares, 355 points

Legendary trader John Bollinger believes that if the $40,000 support is lost, the Bitcoin price could drop as low as $30,000. Let’s examine what the Bollinger Bandollars inventor recommends in a possible fix.

John Bollinger interprets Bitcoin drop as an opportunity

Legend John Bollinger says that Bitcoin can fall as low as $30,000. John Bollinger is the inventor of the Bollinger Bandollar wrap and has been considered in the “legendary” category since the early 1980s. In his most recent tweets, the technical analyst guru believes that if Bitcoin price drops below $40,000, the correction could deepen to $30,000. Meanwhile, John thinks it’s a great time to buy more Bitcoin even if Bitcoin drops below $40,000. He even said in a recent tweet that the drop could be considered:

Attention long-term Bitcoin investors. We are retreating into an important accumulation zone. When we find support, you can consider adding it to your bags here. If not, HODL is on; Another opportunity will present itself.

BTC price after John Bollinger’s tweet above January 10 It touched $39,796.57 on the saadollarsik candle of 14:00. According to the analyst, if BTC loses the $40,000 support, it could visit $30,000, returning 25% of its market cap. On the other hand, Bollinger says that these levels will be a suitable level for those who want to buy BTC and should benefit from the correction.

Mike Novogratz disagrees with this view

Bollinger’s view is not the same as Mike Novogratz’s. Billionaire Novogratz sees Bitcoin’s decline as a buying opportunity in the $40,000 range.

According to data shared by CoinMarketCap, BTC price is 10.50% in the last seven days. rate fell. BTC trading volume has increased by 18.71% in the last 24 hours and the downtrend continues as BTC has lost 11% of its value in the last 30 days.


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142 shares, 355 points

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