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Bitcoin Intraday: below its lower Bollinger band
May 21, 2026 10:58 AM
the downside prevails as long as 78120 is resistance.
Our pivot point stands at 78120.
Our preference:
the downside prevails as long as 78120 is resistance.
Alternative scenario:
above 78120, look for 79080 and 79650.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 77755 and 77565). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (77299).
Supports and resistances:
79650 **
79080 *
78120 **
77162 last
76000
75430 **
74860 *
Our preference:
the downside prevails as long as 78120 is resistance.
Alternative scenario:
above 78120, look for 79080 and 79650.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 77755 and 77565). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (77299).
Supports and resistances:
79650 **
79080 *
78120 **
77162 last
76000
75430 **
74860 *
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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