Bitcoin Intraday: below its lower Bollinger band
Jun 10, 2024 7:46 AM
the downside prevails as long as 70510 is resistance.
Our pivot point is at 70510.
Our preference: the downside prevails as long as 70510 is resistance.
Alternative scenario: the upside breakout of 70510, would call for 71740 and 72470.
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 stands below its 20 and 50 period moving average (respectively at 69613 and 69536). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 69435).
Supports and resistances:
72470 **
71740 *
70510 **
70030
69397 last
67920
67190 **
66460 *
65740 **
Our preference: the downside prevails as long as 70510 is resistance.
Alternative scenario: the upside breakout of 70510, would call for 71740 and 72470.
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 stands below its 20 and 50 period moving average (respectively at 69613 and 69536). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 69435).
Supports and resistances:
72470 **
71740 *
70510 **
70030
69397 last
67920
67190 **
66460 *
65740 **
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Bitcoin
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