Bitcoin / Dollar intraday: above its upper Bollinger band
Our pivot point is at 69840.
Our preference: the upside prevails as long as 69840 is support.
Alternative scenario: below 69840, expect 68300 and 67380.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70547 and 69740). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (71379).
Supports and resistances:
76060 **
75140 *
74220 **
73300
71448 last
70440
69840 **
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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