Bitcoin Intraday: below its lower Bollinger band
Bitcoin (BTC/USD)
+181.91+0.21%
the downside prevails as long as 88510 is resistance.
Our pivot point is at 88510.
Our preference: the downside prevails as long as 88510 is resistance.
Alternative scenario: above 88510, look for 89810 and 90580.
Comment: the RSI is below 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 87723 and 87688). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 87432).
Supports and resistances:
90580 **
89810 *
88510 **
88010
87417 last
85830
85060 **
84290 *
83520 **
Our preference: the downside prevails as long as 88510 is resistance.
Alternative scenario: above 88510, look for 89810 and 90580.
Comment: the RSI is below 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 87723 and 87688). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 87432).
Supports and resistances:
90580 **
89810 *
88510 **
88010
87417 last
85830
85060 **
84290 *
83520 **
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