Bitcoin / Dollar intraday: below its lower Bollinger band
38190 is our pivot point.
Our preference:
The downside prevails as long as 38190 is resistance.
Alternative scenario:
The upside breakout of 38190, would call for 39300 and 39960.
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 37964 and 37508). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (37289).
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