Bitcoin (BTC), W-shaped Double Bottom Completion Countdown...Is This Time Truly the End of the Bear Market?

▲ Bitcoin (BTC)

Bitcoin (BTC) is on the verge of completing a W-shaped double bottom pattern, which could end the downtrend that has continued since October 2025. The creator of Bollinger Bands predicted that if this pattern succeeds, it could break the bearish trend itself.

According to cryptocurrency media outlet Cointelegraph on July 4 (local time), John Bollinger, the creator of Bollinger Bands, is closely watching a W-shaped double bottom pattern on the Bitcoin chart. He said via X (formerly Twitter), "Bitcoin has shown a series of bullish patterns breaking down. This is evidence of the strength of the downtrend," adding, "Will this W be a trend-breaking pattern?"

A W-shaped double bottom is a pattern that forms two lows and breaks through an intermediate rebound high, creating a new uptrend. Bollinger analyzed that the current Bitcoin daily chart structure precisely aligns with the lower Bollinger Band. He stated, "It's a perfect fractal structure. There are small Ws at the lows and small Ms at the highs," and also pointed out a W-shaped structure on the weekly chart.

Bollinger previously disclosed a new long position through his Bitcoin investment vehicle in early May. Some recent price indicators are sending signals not seen since the 2022 bear market. However, many market participants expect the next macro bottom to form in the third quarter or later.

Institutional buying flows have also re-emerged. Axel Adler Jr., a contributor and analyst at on-chain analytics platform CryptoQuant, noted that the US Bitcoin spot ETF recorded net inflows for the first time in 10 trading days. He said, "Bitcoin is in the late stages of a bear cycle, but the ETF sector has signaled a relief in pressure for the first time."

Cryptocurrency trader Daan Crypto Trades assessed that the $220 million ETF net inflow was "not an enormous amount." However, he added, "It's also noteworthy that the price held around $60,000 despite significant outflows," and "If there's an additional rebound next week, it will be important as it implies substantial absorption of volume."

[Key Article Summary]

-John Bollinger analyzed that Bitcoin is forming a W-shaped double bottom that could break the downtrend that has continued since October 2025.

-US Bitcoin spot ETFs recorded net inflows for the first time in 10 trading days, signaling a recovery in institutional buying pressure.

-Daan Crypto Trades highlighted the $220 million net inflow and the price holding at $60,000 as key signals to confirm Bitcoin's volume absorption.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*