Veteran trader and analyst John Bollinger, who is well known for developing the Bollinger Bands technical indicator has recently <a href="https://twitter.com/bbands/status/1412898114000719872?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1412898114000719872%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fveteran-trader-john-bollinger-suggests-crypto-could-be-entering-new-regime" target="_blank" rel="nofollow noopener">suggested </a>in his tweet that the crypto market could be entering a new arrangement. The popular analyst has found out some unusual trading patterns and has witnessed that Bitcoin has been range-bound for the past two weeks, with the bulls struggling to break through heavy resistance at the level of $36K.
<h2>John Bollinger Spots Unusual Trading Patterns, Doubts Crypto Market is Entering a New Regime</h2>
The recent <a href="https://www.cryptoknowmics.com/news/reasons-for-the-devastation-of-500b-crypto-markets-peak/">crash</a> in the market has led to a lot of struggle for the bulls to break through some important levels in the crypto asset. 

For quite some time now, Bitcoin has not been able to show a significant uptrend even though the bulls are trying hard to push up the price of the asset.

In accordance with the data released by the leading market aggregators, a lot of DeFi coins such as Synthetix and Aave Compound have recently surged over 20%.

In addition to this, it should be noted that there have been reports from the analyst at JPMorgan that the <a href="https://www.cryptoknowmics.com/news/bitcoin-dominance-surges-as-the-altcoin-market-bears-huge-crash/">dominance</a> of the leading crypto coin revisiting 50% would be healthy for the market.

As for the present price range of Bitcoin, it is being traded around 49% below the peak that it made back in the month of April.
<h2>Bitcoin Slips Below The Level of $33K</h2>
It has been witnessed twice when Bitcoin has tried to jump to the levels of $35K and $36K, but both the time, the bulls failed and the bears prevailed and the price of Bitcoin slipped below the mark of $33K.

As the bears intensified their pressure, the flagship cryptocurrency lost over $2K and plunged to the level of $32,800, marking the lowest price of the asset since July 2.

John Bollinger Suggests Crypto Market Could Be Undergoing New Regime 

Veteran trader and analyst John Bollinger has recently suggested in his tweet that the crypto market could be entering a new arrangement.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

John Bollinger Suggests Crypto Market Could Be Undergoing New Regime

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