Bitcoin Intraday: below its lower Bollinger band
Bitcoin (BTC/USD)
-1195.08-1.00%
the downside prevails as long as 119630 is resistance.
Our pivot point stands at 119630.
Our preference: the downside prevails as long as 119630 is resistance.
Alternative scenario: above 119630, look for 120820 and 121530.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 119538 and 118868). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (118717).
Supports and resistances:
121530 **
120820 *
119630 **
119160
118688 last
117230
116520 **
115810 *
115100 **
Our preference: the downside prevails as long as 119630 is resistance.
Alternative scenario: above 119630, look for 120820 and 121530.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 119538 and 118868). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (118717).
Supports and resistances:
121530 **
120820 *
119630 **
119160
118688 last
117230
116520 **
115810 *
115100 **
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