Bitcoin / Dollar intraday: below its lower Bollinger band
Our pivot point stands at 30730.
Our preference:
The downside prevails as long as 30730 is resistance.
Alternative scenario:
The upside breakout of 30730, would call for 31130 and 31370.
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 30566 and 30631). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 30368).
