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Bitcoin / Dollar intraday: above its upper Bollinger band
2024-02-01
491
Our pivot point is at 41780.
Our preference: rebound.
Alternative scenario: the downside breakout of 41780 would call for 41040 and 40590.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (42173) but under its 50 period moving average (42498). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (42344).
Supports and resistances:
44600 **
44150 *
43710 **
43260
42374 last
42080
41780 **
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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