Bitcoin Intraday: below its lower Bollinger band
Dec 20, 2024 9:44 AM
the downside prevails as long as 96840 is resistance.
Our pivot point stands at 96840.
Our preference:
the downside prevails as long as 96840 is resistance.
Alternative scenario:
the upside breakout of 96840, would call for 98530 and 99530.
Comment:
the RSI is below its neutrality area at 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 96799 and 98607). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (95116).
Supports and resistances:
99530 **
98530 *
96840 **
96170
95044 last
93000
92000 **
91000 *
90000 **
Our preference:
the downside prevails as long as 96840 is resistance.
Alternative scenario:
the upside breakout of 96840, would call for 98530 and 99530.
Comment:
the RSI is below its neutrality area at 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 96799 and 98607). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (95116).
Supports and resistances:
99530 **
98530 *
96840 **
96170
95044 last
93000
92000 **
91000 *
90000 **
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