Bitcoin price near lower Bollinger Band predicted to drop further, erasing bullish gains

From Investing.com

August 30, 2024 10:30:20 am:

Trading expert John Bollinger’s prediction about Bitcoin’s price from June is coming true as the cryptocurrency hovers around $59,480, near the lower Bollinger Band. Despite ups and downs, Bitcoin has remained mostly sideways, erasing all bullish gains. The future trend may see Bitcoin drop further to the lower band around $56,290, based on Bollinger Bands analysis. Upcoming candlestick closures on Sunday, Sept. 1 will dictate Bitcoin’s future direction.

Read more at Barchart: Legendary Trader John Bollinger Returns to This Bitcoin Price Prediction as It Comes True By U.Today