John Bollinger Hints At Imminent Crypto Breakout

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Technical analyst John Bollinger said that Ethereum and Solana are showing bullish “W” bottom patterns and hinted that a similar setup on Bitcoin’s chart could indicate a major move in the cryptocurrency market.

The “W” bottom is a bullish reversal signal that often precedes sharp upward moves. Bollinger, who invented the Bollinger Band volatility indicator, said the formation had not yet appeared on Bitcoin’s chart and told his 254,000 followers on… Share X That “it will soon be a good time to pay attention.”

The pseudonymous trader and analyst “Satoshi Flipper” noted in X’s post that the last time Bollinger asked his followers to pay attention was in July 2024, when Bitcoin rose from $49,000 to $110,000.

The last time John said he was paying attention was July 2024 and $ Bitcoin It was bumped from $49,000 to $110,000 https://t.co/0Vjgysayds pic.twitter.com/cETAMLiDzk

– Satoshi Flipper (@SatoshiFlipper) October 18, 2025

ETH and SOL are recovering from weekly losses, while Bitcoin is starting to climb

Bollinger’s comments come on the heels of a volatile month for cryptocurrencies, with a record $19 billion in liquidations on October 10 after US President Donald Trump announced additional 100% tariffs on China’s exports.

Ethereum and Solana have since rebounded modestly from recent losses, while on-chain data from Santiment suggests that Bitcoin, ETH, and XRP are now in undervalued territory, a setting that has historically preceded market recoveries.

Data from CoinMarketCap It shows that the price of SOL rose by 3% in the past week, while the price of ETH rose by more than 2%.

But Bitcoin remains more than 4% in the red even after rising a meager percent over the past 24 hours to trade at $107,080.07 as of 1:00 AM EST.

Bitcoin price (Source: CoinMarketCap)

BTC, XRP, and ETH offer buying opportunities

While Bollinger is urging traders and analysts to pay attention to cryptocurrency markets for a potential big move, on-chain intelligence and sentiment platform Santiment says several cryptocurrencies have recently fallen into undervalued territory.

In an October 17 post on

📉 With the crypto bloodbath over the past week, the Average Value to Realized Value (MVRV) of extreme stocks has jumped into the negative range. The average returns of active portfolios over the past 30 days indicate the likelihood of redeeming XRP (privately):

👍 Bitcoin $ Bitcoin: The average return of a trader… pic.twitter.com/AgPpUnba8A

— Santiment (@santimentfeed) October 17, 2025

MVRV is a key on-chain metric used to evaluate whether a cryptocurrency is overvalued or undervalued compared to its historical cost basis.

MV, or market capitalization, represents the current market value of a cryptocurrency, which is its supply multiplied by its price.

Meanwhile, the “RV”, or realized value, is the sum of all coins based on the price they last moved on the chain, reflecting the realized cost basis of all holders.

Santiment said in its post that Bitcoin’s MVRV is around -5.8%. The indicator also stands at -8.4% for Ethereum. The platform then highlighted XRP to a MVRV value of -15.3%.

An MVRV greater than 1% indicates that shareholders are making profits. Conversely, a reading below 1% indicates that stockholders are at a loss.

According to Santiment, MVRV readings indicate that a market recovery is approaching.

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