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Bitcoin / Dollar intraday: the upside prevails as long as 72450 is support
2024-03-13
310
72450 is our pivot point.
Our preference: the upside prevails as long as 72450 is support.
Alternative scenario: below 72450, expect 71180 and 70420.
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 above its 20 and 50 period moving average (respectively at 72412 and 71822).
Supports and resistances:
77310 **
76560 *
75800 **
75040
73450 last
72950
72450 **
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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