Bitcoin Intraday: below its lower Bollinger band
Bitcoin (BTC/USD)
-476.66-0.67%
the downside prevails as long as 71230 is resistance.
Our pivot point stands at 71230.
Our preference: the downside prevails as long as 71230 is resistance.
Alternative scenario: above 71230, look for 72010 and 72470.
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 71246 and 72049). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (70656).
Supports and resistances:
72470 **
72010 *
71230 **
70620 last
69600
69140 **
68680 *
Our preference: the downside prevails as long as 71230 is resistance.
Alternative scenario: above 71230, look for 72010 and 72470.
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 71246 and 72049). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (70656).
Supports and resistances:
72470 **
72010 *
71230 **
70620 last
69600
69140 **
68680 *
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