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Bitcoin / Dollar intraday: above its upper Bollinger band
2024-02-05
1049
42280 is our pivot point.
Our preference: the upside prevails as long as 42280 is support.
Alternative scenario: the downside breakout of 42280 would call for 41520 and 41070.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 42621 and 42770). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (42963).
Supports and resistances:
45310 **
44850 *
44400 **
43950
43047 last
42570
42280 **
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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