Bitcoin / Dollar intraday: below its lower Bollinger band
Our pivot point stands at 20910.
Our preference:
Target 19230.
Alternative scenario:
Above 20910, look for 21510 and 21870.
Comment:
The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (20413) but above its 50 period moving average (20286). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (20310).
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