John Bollinger pointed to potential ‘W’ bottoms on the weekly charts for ETH/USD and SOL/USD. He did not see the same structure on BTC/USD, where bands compress and hint at volatility rather than a base.
John Bollinger pointed to potential ‘W’ bottoms on the weekly charts for ETH/USD and SOL/USD. He did not see the same structure on BTC/USD, where bands compress and hint at volatility rather than a base.
Crypto analyst Dan Gambardello also backed John Bollinger’s bullish call for altseason ahead. Gambardello highlighted that Bitcoin (BTC) dominance is on the cusp of a trend reversal, thus further supporting the theory of an altseason in the near term.
Over the weekend, Bollinger, the creator of the Bollinger Bands indicator, made headlines in the crypto world. After on-chain data showed heavy capitulation due to midterm fear of further selloff, Bollinger posted on X that it is prudent to pay attention to Ether and SOL but not to Bitcoin ahead.
, the BB indicator has been forming a potential ’W’ bottom in the weekly timeframe of the ETH/USD and the SOL/USD, but not in the BTC/USD.
In the weekly ETH/USD timeframe, the Bollinger Bands have formed a potential bottom characterized by a ‘W’ pattern. Following the recent crypto capitulation, which resulted in the liquidation of nearly $20 billion in a single day, the ETH/USD pair retested the middle band of the Bollinger Bands indicator.
A similar pattern has been forming on the weekly timeframe of the SOL/USD pair. Notably, the lower band of the BB indicator has formed a potential bottom characterized by a ‘W’ pattern. Following the recent crypto capitulation, the SOL/USD pair has retested the middle band.
As for the BTC/USD pair, the BB indicator has been squeezing, signaling an incoming high volatility ahead. However, the BB indicator has not formed a ‘W’ bottom in the weekly timeframe.
As such, the creator of the BB indicator expects ETH and SOL to experience a rising trend akin to Bitcoin’s from late 2022 after it formed a ‘W’ weekly bottom of the Bollinger Bands.
According to crypto analyst Gambardello, the altseason is likely to materialize in the coming months amid heightened capital rotation. In the past few days, market analysts and have argued that capital rotation is likely to happen from Gold and Silver to Bitcoin after their impressive performance in 2025.
However, Gambardello noted that Bitcoin dominance is on the cusp of a macro reversal, thus paving the way for an altseason in the coming months. Furthermore, Gambardello noted that the daily Relative Strength Index (RSI) of the Bitcoin Dominance has fallen below its Moving Average, signaling its bearish sentiment.
