2024-09-14 12:48
bitcoin failed to breakthrough $60k and goes down a bit to $59k. Based on bollinger indicator, it might continue down to $58k since the price cross the yellow line and goes down to lower band.
But there is a chance that it will bounce up to $60k again and make a tight tunnel like the one in the bottom left.
Tunnel in bollinger will end up bullish if the last candle stays on the upper band or break the upper band and vice versa.