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Bitcoin / Dollar intraday: the downside prevails as long as 48820 is resistance
2024-02-12
1097
48820 is our pivot point.
Our preference: the downside prevails as long as 48820 is resistance.
Alternative scenario: above 48820, look for 49620 and 50090.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 48254 and 48238).
Supports and resistances:
50090 **
49620 *
48820 **
48510
48150 last
47210
46740 **
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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