John Bollinger points Bitcoin Head Pretend warning
Bitcoin and different cryptocurrencies at the moment are organising a “Head Pretend” following a Bollinger Band squeeze.
- Technical alert. Bollinger Bands creator John Bollinger has warned of a “head pretend” setup in Bitcoin and different cryptocurrencies.
John Bollinger, the legendary chartist identified for creating the Bollinger Bands indicator, just lately took to the X social media community to problem a technical evaluation warning. He has famous that Bitcoin and several other different cryptocurrencies are organising a “head pretend” following a Bollinger Band Squeeze.
- What’s a head pretend? Initially a basketball time period, it refers to a sudden transfer in a single route adopted by a reversal, trapping merchants on the unsuitable aspect.
The time period, which initially comes from basketball, refers to a sure asset sharply shifting in a single route earlier than reversing course, thus catching merchants off-guard.
On Aug. 3, Bitcoin plunged to a multi-week low of $111,919 on the Bitstamp trade earlier than recovering to $115,732 earlier this week. Bollinger probably refers to this draw back headfake, which ended up being a lure for bears.
You May Additionally Like
Tom Lee: Ethereum is the “greatest macro commerce” of the subsequent decade
Tom Lee would choose Ethereum (ETH) over Bitcoin (BTC) if he had to decide on only one asset.
- ETH’s 2017 second? Tom Lee stated Ethereum is having its “2017 second” as Wall Road lastly begins taking tokenization severely.
Throughout a latest look on the Coin Tales podcast hosted by cryptocurrency educator Natalie Brunell, Fundstrat’s permabull Tom Lee opined that Ethereum (ETH) is the most important macro commerce of the subsequent decade.
Lee believes that ETH is presently having its “2017 second” since he’s satisfied that Wall Road will lastly take tokenization severely. Why Ethereum is superior The analyst has famous that banking behemoth JP Morgan, which is main when it comes to safety and fraud prevention, nonetheless has a major share of suspicious exercise (round 7%).
- Lengthy-term bullish on ETH. Lee believes Ethereum is the superior long-term funding over Bitcoin.
That stated, Lee has acknowledged that he would choose the main altcoin if he had been to decide on between holding Bitcoin and Ethereum over the subsequent decade. That stated, the permabull is just not in favor of choosing only one asset.
“In my 30 years of funding historical past, investing expertise, I’ve by no means been informed to have just one alternative, and I’ve by no means seen anybody make a great determination based mostly on one alternative,” he careworn.
You May Additionally Like
Coinbase leans into meme cash
Coinbase’s hottest property are meme cash, and it’s clear why.
- Meme coin craze. Coinbase added 21 new crypto property in Q2 2025, with meme cash like Fartcoin, Immediate, and Zora topping buying and selling quantity.
With 21 new cryptocurrency property added to Coinbase’s spot market listings in Q2, 2025, meme cash naturally took heart stage. Kaiko information signifies that the most-traded tokens had been Fartcoin, Immediate and Zora. Fartcoin alone surpassed three million trades. This demonstrates the trade’s shift to cash that herald a variety of retail interplay and, steadily, excessive buying and selling charges.
- Q2 monetary outcomes. The listings helped drive retail engagement, however not sufficient to fulfill earnings forecasts.
These additions coincide with Coinbase’s blended Q2 monetary outcomes. Though income elevated by 33% yr over yr to $1.05 billion, it was nonetheless lower than the $1.59 billion analysts had predicted.
Brief-term enterprise sense helps the trade’s plan to listing extra high-engagement tokens. Regardless of their volatility, meme cash are a goldmine for exchanges. Because of their low unit costs, fast information cycles and social media hype, they consistently purchase and promote, which leads to transaction charges.
- Why meme cash? Meme cash generate frequent trades because of low costs, hype, and volatility.
This meme coin-heavy technique is dangerous, although. These property are infamously weak to manipulation, whether or not through influencer-driven hype cycles, liquidity squeezes or coordinated pump-and-dump schemes.
You May Additionally Like