Bitcoin Intraday: below its lower Bollinger band
Bitcoin (BTC/USD)
-1387.51-1.99%
the downside prevails as long as 69940 is resistance.
69940 is our pivot point.
Our preference: the downside prevails as long as 69940 is resistance.
Alternative scenario: above 69940, look for 71560 and 72520.
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 69574 and 69372). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 68718).
Supports and resistances:
72520 **
71560 *
69940 **
68624 last
66580
65620 **
64660 *
Our preference: the downside prevails as long as 69940 is resistance.
Alternative scenario: above 69940, look for 71560 and 72520.
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 69574 and 69372). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 68718).
Supports and resistances:
72520 **
71560 *
69940 **
68624 last
66580
65620 **
64660 *
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