Bitcoin Intraday: below its lower Bollinger band
Bitcoin (BTC/USD)
-2996.64-2.58%
the downside prevails as long as 116290 is resistance.
116290 is our pivot point.
Our preference: the downside prevails as long as 116290 is resistance.
Alternative scenario: the upside breakout of 116290, would call for 117330 and 117960.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 116251 and 115801). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (115328).
Supports and resistances:
117960 **
117330 *
116290 **
115870
115049 last
113690
113070 **
112450 *
111830 **
Our preference: the downside prevails as long as 116290 is resistance.
Alternative scenario: the upside breakout of 116290, would call for 117330 and 117960.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 116251 and 115801). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (115328).
Supports and resistances:
117960 **
117330 *
116290 **
115870
115049 last
113690
113070 **
112450 *
111830 **
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