Bitcoin Intraday: below its lower Bollinger band
Dec 27, 2024 7:50 AM
the downside prevails as long as 96820 is resistance.
96820 is our pivot point.
Our preference:
the downside prevails as long as 96820 is resistance.
Alternative scenario:
above 96820, look for 98590 and 99640.
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 95847 and 95838). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 95171).
Supports and resistances:
99640 **
98590 *
96820 **
96120
95119 last
92470
91430 **
90390 *
89340 **
Our preference:
the downside prevails as long as 96820 is resistance.
Alternative scenario:
above 96820, look for 98590 and 99640.
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 95847 and 95838). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 95171).
Supports and resistances:
99640 **
98590 *
96820 **
96120
95119 last
92470
91430 **
90390 *
89340 **
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