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Bitcoin Short Term: below its lower Bollinger band
Feb 24, 2026 11:07 AM
rebound towards 82160.
55380 is our pivot point.
Our preference:
rebound towards 82160.
Alternative scenario:
the downside breakout of 55380 would call for 46100 and 40570.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67683 and 80151). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (63339).
Supports and resistances:
93620 **
87890 *
82160 **
76430
63283 last
59030
55380 **
46100 *
40570 **
Our preference:
rebound towards 82160.
Alternative scenario:
the downside breakout of 55380 would call for 46100 and 40570.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67683 and 80151). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (63339).
Supports and resistances:
93620 **
87890 *
82160 **
76430
63283 last
59030
55380 **
46100 *
40570 **
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.
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