Bitcoin Intraday: below its lower Bollinger band
Bitcoin (BTC/USD)
+63.34+0.09%
the downside prevails as long as 73840 is resistance.
Our pivot point is at 73840.
Our preference: the downside prevails as long as 73840 is resistance.
Alternative scenario: the upside breakout of 73840, would call for 74640 and 75120.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 73566 and 73724). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (73184).
Supports and resistances:
75120 **
74640 *
73840 **
73155 last
72200
71720 **
71240 *
Our preference: the downside prevails as long as 73840 is resistance.
Alternative scenario: the upside breakout of 73840, would call for 74640 and 75120.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 73566 and 73724). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (73184).
Supports and resistances:
75120 **
74640 *
73840 **
73155 last
72200
71720 **
71240 *
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