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Bitcoin / Dollar ST: as long as 39940 is support look for 51560

2023-12-26
249

Our pivot point stands at 39940.

Our preference: as long as 39940 is support look for 51560.

Alternative scenario: the downside breakout of 39940 would call for 35500 and 32860.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 42968 and 39899).

Supports and resistances:

56870 **

54220 *

51560 **

48910

43491 last

41690

39940 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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