Bitcoin / Dollar intraday: below its lower Bollinger band
27210 is our pivot point.
Our preference:
The downside prevails as long as 27210 is resistance.
Alternative scenario:
The upside breakout of 27210, would call for 27520 and 27700.
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 27116 and 27139). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 26930).
