Bitcoin Intraday: below its lower Bollinger band
Bitcoin (BTC/USD)
-465.50-0.74%
rebound towards 64130.
Our pivot point stands at 61950.
Our preference: rebound towards 64130.
Alternative scenario: the downside breakout of 61950 would call for 61150 and 60680.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 62842 and 63374). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 62595).
Supports and resistances:
64600 *
64130 **
63650
62579 last
61950 **
61150 *
60680 **
Our preference: rebound towards 64130.
Alternative scenario: the downside breakout of 61950 would call for 61150 and 60680.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 62842 and 63374). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 62595).
Supports and resistances:
64600 *
64130 **
63650
62579 last
61950 **
61150 *
60680 **
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