Bitcoin / Dollar intraday: below its lower Bollinger band
Our pivot point is at 20090.
Our preference:
The downside prevails as long as 20090 is resistance.
Alternative scenario:
The upside breakout of 20090, would call for 20670 and 21020.
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 19936 and 19978). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (19646).
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