Bitcoin / Dollar intraday: below its lower Bollinger band
30710 is our pivot point.
Our preference:
The downside prevails as long as 30710 is resistance.
Alternative scenario:
The upside breakout of 30710, would call for 31120 and 31360.
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 30597 and 30614). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (30295).
