Bitcoin Intraday: below its lower Bollinger band
Jul 22, 2024 7:52 AM
under pressure below 68360.
Our pivot point is at 68360.
Our preference: under pressure below 68360.
Alternative scenario: above 68360, look for 69360 and 69950.
Comment: the RSI is below 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 67943 and 67415). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 67471).
Supports and resistances:
69950 **
69360 *
68360 **
67970
67297 last
66000
65410 **
64820 *
64230 **
Our preference: under pressure below 68360.
Alternative scenario: above 68360, look for 69360 and 69950.
Comment: the RSI is below 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 67943 and 67415). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 67471).
Supports and resistances:
69950 **
69360 *
68360 **
67970
67297 last
66000
65410 **
64820 *
64230 **
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.
Related Instruments
Bitcoin
69234.39
-735.7400000000052
-105.20%
