Bitcoin Intraday: below its lower Bollinger band
Jul 3, 2024 3:21 AM
the downside prevails as long as 62220 is resistance.
62220 is our pivot point.
Our preference: the downside prevails as long as 62220 is resistance.
Alternative scenario: the upside breakout of 62220, would call for 63100 and 63620.
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 61946 and 62366). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 61565).
Supports and resistances:
63620 **
63100 *
62220 **
61880
61498 last
60340
59820 **
59300 *
58780 **
Our preference: the downside prevails as long as 62220 is resistance.
Alternative scenario: the upside breakout of 62220, would call for 63100 and 63620.
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 61946 and 62366). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 61565).
Supports and resistances:
63620 **
63100 *
62220 **
61880
61498 last
60340
59820 **
59300 *
58780 **
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