Bitcoin (BTC) appears to be completing a significant reversal pattern, as identified by well-known analyst John Bollinger. This movement, characterized as a “perfectly fractal” formation, may signal the end of the prolonged bear market that has persisted since October 2025.
Bollinger has pointed out that Bitcoin is on the verge of what could be a major “W”-shaped reversal pattern. He expressed optimism that this could lead to a break in the ongoing downtrend. In his recent analysis shared on social media, Bollinger noted the presence of a double bottom pattern; a hallmark of this type of reversal is two swing lows that create rejection points, ultimately leading to a break above those levels and a new upward trend.
In a chart shared by Bollinger, the current setup aligns seamlessly with the lower band of the Bollinger Bands indicator on daily time frames. He described the formation as “perfectly fractal,” highlighting smaller “w” formations at the nadirs and a small “m” at the apex of the pattern. He also identified similar features on the weekly chart, suggesting a robust bullish momentum building for Bitcoin.
Bollinger has been bullish on Bitcoin for quite some time. Earlier in May, he indicated that he had taken a new long position through his Bitcoin investment vehicle. Recent statistics suggest that multiple price indicators are beginning to show signals reminiscent of those seen during the last bear market in 2022, although many market participants still anticipate that the next macro bottom could manifest in the third quarter or later this year.
In the backdrop of this potential shift, there has also been a notable increase in institutional interest in Bitcoin, particularly as it recently reclaimed the $60,000 mark. Analyst Axel Adler Jr. from on-chain analytics platform CryptoQuant highlighted the importance of this renewed institutional buying interest. He noted that U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their first net inflows in ten days, signaling a possible easing of market pressures.
Trader Daan Crypto Trades remarked on the $220 million inflows into Bitcoin ETFs, acknowledging that while the amount may not seem substantial, it could play a critical role in supporting Bitcoin’s price moving forward. He emphasized the significance of Bitcoin holding steady around the $60,000 region despite numerous outflows, suggesting that substantial supply absorption has occurred. Should Bitcoin continue to gain momentum into the coming week, it could indicate a promising upward trend is underway.
