Bitcoin Intraday: below its lower Bollinger band
Jul 16, 2024 8:05 AM
under pressure below 64620.

Our pivot point is at 64620.
Our preference: under pressure below 64620.
Alternative scenario: above 64620, look for 65560 and 66120.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64323 and 63556). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 63210).
Supports and resistances:
66120 **
65560 *
64620 **
64250
62823 last
61720
61170 **
60620 *
60070 **
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