Bitcoin / Dollar intraday: below its lower Bollinger band
Our pivot point stands at 92330.
Our preference:
The downside prevails as long as 92330 is resistance.
Alternative scenario:
The upside breakout of 92330, would call for 93730 and 94570.
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 91395 and 91184). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (90934).
