Bitcoin Intraday: below its lower Bollinger band
Aug 4, 2024 8:05 AM
rebound towards 62190.
59550 is our pivot point.
Our preference: rebound towards 62190.
Alternative scenario: the downside breakout of 59550 would call for 58670 and 58140.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60670 and 61009). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (60396).
Supports and resistances:
63260 **
62720 *
62190 **
61660
60307 last
59900
59550 **
58670 *
58140 **
Our preference: rebound towards 62190.
Alternative scenario: the downside breakout of 59550 would call for 58670 and 58140.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60670 and 61009). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (60396).
Supports and resistances:
63260 **
62720 *
62190 **
61660
60307 last
59900
59550 **
58670 *
58140 **
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