Bitcoin / Dollar intraday: below its lower Bollinger band
Our pivot point stands at 67460.
Our preference:
The downside prevails as long as 67460 is resistance.
Alternative scenario:
The upside breakout of 67460, would call for 68890 and 69740.
Comment:
The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 66856 and 66967). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (66286).
