Bitcoin Intraday: below its lower Bollinger band
Bitcoin (BTC/USD)
+210.93+0.32%
the downside prevails as long as 64840 is resistance.
Our pivot point stands at 64840.
Our preference: the downside prevails as long as 64840 is resistance.
Alternative scenario: the upside breakout of 64840, would call for 65660 and 66150.
Comment: the RSI is below its neutrality area at 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 64573 and 64538). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 64169).
Supports and resistances:
66150 **
65660 *
64840 **
64127 last
63090
62610 **
62120 *
Our preference: the downside prevails as long as 64840 is resistance.
Alternative scenario: the upside breakout of 64840, would call for 65660 and 66150.
Comment: the RSI is below its neutrality area at 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 64573 and 64538). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 64169).
Supports and resistances:
66150 **
65660 *
64840 **
64127 last
63090
62610 **
62120 *
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