Bitcoin / Dollar intraday: below its lower Bollinger band
Our pivot point stands at 30390.
Our preference:
The downside prevails as long as 30390 is resistance.
Alternative scenario:
The upside breakout of 30390, would call for 30820 and 31080.
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 is trading under both its 20 and 50 period moving average (respectively at 30251 and 30398). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 30023).
