Bitcoin Intraday: below its lower Bollinger band
Jul 31, 2024 8:48 PM
the downside prevails as long as 66700 is resistance.
66700 is our pivot point.
Our preference: the downside prevails as long as 66700 is resistance.
Alternative scenario: the upside breakout of 66700, would call for 67680 and 68250.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 66206 and 66172). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 65533).
Supports and resistances:
68250 **
67680 *
66700 **
66320
65190 last
63780
63210 **
62640 *
62070 **
Our preference: the downside prevails as long as 66700 is resistance.
Alternative scenario: the upside breakout of 66700, would call for 67680 and 68250.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 66206 and 66172). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 65533).
Supports and resistances:
68250 **
67680 *
66700 **
66320
65190 last
63780
63210 **
62640 *
62070 **
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