Bitcoin Intraday: below its lower Bollinger band

Sep 12, 2024 1:02 PM

target 55560.

Our pivot point stands at 58610.
Our preference:
target 55560.
Alternative scenario:
the upside breakout of 58610, would call for 59800 and 60510.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (58058) but above its 50 period moving average (57603). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (57704).
Supports and resistances:
60510 **
59800 *
58610 **
58150
57680 last
56270
55560 **
54850 *
54140 **

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