Bitcoin / Dollar intraday: below its lower Bollinger band
Our pivot point is at 30230.
Our preference:
The downside prevails as long as 30230 is resistance.
Alternative scenario:
The upside breakout of 30230, would call for 30640 and 30880.
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 stands below its 20 and 50 period moving average (respectively at 30128 and 30221). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (29856).
