Bitcoin Intraday: below its lower Bollinger band
Apr 5, 2025 6:50 AM
the downside prevails as long as 84860 is resistance.
84860 is our pivot point.
Our preference:
the downside prevails as long as 84860 is resistance.
Alternative scenario:
above 84860, look for 86470 and 87430.
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 83815 and 83562). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 83378).
Supports and resistances:
87430 **
86470 *
84860 **
84230
83323 last
81410
80450 **
79490 *
78540 **
Our preference:
the downside prevails as long as 84860 is resistance.
Alternative scenario:
above 84860, look for 86470 and 87430.
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 83815 and 83562). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 83378).
Supports and resistances:
87430 **
86470 *
84860 **
84230
83323 last
81410
80450 **
79490 *
78540 **
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Related Instruments
Bitcoin
87670.01
144.0899999999965
+16.50%
