Bitcoin Intraday: below its lower Bollinger band
Bitcoin (BTC/USD)
-143.87-0.19%
the downside prevails as long as 77970 is resistance.
Our pivot point is at 77970.
Our preference: the downside prevails as long as 77970 is resistance.
Alternative scenario: the upside breakout of 77970, would call for 78930 and 79500.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 77515 and 77523). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 76798).
Supports and resistances:
79500 **
78930 *
77970 **
76778 last
75520
74950 **
74390 *
Our preference: the downside prevails as long as 77970 is resistance.
Alternative scenario: the upside breakout of 77970, would call for 78930 and 79500.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 77515 and 77523). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 76798).
Supports and resistances:
79500 **
78930 *
77970 **
76778 last
75520
74950 **
74390 *
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