Bitcoin Intraday: below its lower Bollinger band
Feb 26, 2025 2:02 PM
the downside prevails as long as 88050 is resistance.
Our pivot point stands at 88050.
Our preference:
the downside prevails as long as 88050 is resistance.
Alternative scenario:
above 88050, look for 89280 and 90010.
Comment:
the RSI is below 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 88447 and 88213). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (87259).
Supports and resistances:
90010 **
89280 *
88050 **
87570
87086 last
85620
84890 **
84160 *
83430 **
Our preference:
the downside prevails as long as 88050 is resistance.
Alternative scenario:
above 88050, look for 89280 and 90010.
Comment:
the RSI is below 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 88447 and 88213). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (87259).
Supports and resistances:
90010 **
89280 *
88050 **
87570
87086 last
85620
84890 **
84160 *
83430 **
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