Bitcoin Intraday: below its lower Bollinger band
Jun 6, 2024 8:32 PM
the downside prevails as long as 71910 is resistance.
Our pivot point stands at 71910.
Our preference: the downside prevails as long as 71910 is resistance.
Alternative scenario: the upside breakout of 71910, would call for 73160 and 73900.
Comment: the RSI is below 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 71111 and 71078). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 70727).
Supports and resistances:
73900 **
73160 *
71910 **
71420
70717 last
69100
68360 **
67630 *
66890 **
Our preference: the downside prevails as long as 71910 is resistance.
Alternative scenario: the upside breakout of 71910, would call for 73160 and 73900.
Comment: the RSI is below 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 71111 and 71078). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 70727).
Supports and resistances:
73900 **
73160 *
71910 **
71420
70717 last
69100
68360 **
67630 *
66890 **
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