Bitcoin Intraday: below its lower Bollinger band
Jul 5, 2024 1:14 AM
the downside prevails as long as 57880 is resistance.
Our pivot point stands at 57880.
Our preference: the downside prevails as long as 57880 is resistance.
Alternative scenario: the upside breakout of 57880, would call for 58690 and 59180.
Comment: the RSI is below 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 58014 and 58253). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 57146).
Supports and resistances:
59180 **
58690 *
57880 **
57560
57133 last
55800
55320 **
54830 *
54350 **
Our preference: the downside prevails as long as 57880 is resistance.
Alternative scenario: the upside breakout of 57880, would call for 58690 and 59180.
Comment: the RSI is below 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 58014 and 58253). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 57146).
Supports and resistances:
59180 **
58690 *
57880 **
57560
57133 last
55800
55320 **
54830 *
54350 **
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