Bitcoin Intraday: below its lower Bollinger band
Jun 27, 2024 7:29 AM
the downside prevails as long as 61500 is resistance.
Our pivot point is at 61500.
Our preference: the downside prevails as long as 61500 is resistance.
Alternative scenario: the upside breakout of 61500, would call for 62460 and 63030.
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 60926 and 61179). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (60670).
Supports and resistances:
63030 **
62460 *
61500 **
61130
60661 last
59450
58880 **
58310 *
57750 **
Our preference: the downside prevails as long as 61500 is resistance.
Alternative scenario: the upside breakout of 61500, would call for 62460 and 63030.
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 60926 and 61179). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (60670).
Supports and resistances:
63030 **
62460 *
61500 **
61130
60661 last
59450
58880 **
58310 *
57750 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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