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Bitcoin / Dollar intraday: technical rebound towards 50160 before a new drop
2024-02-14
253
Our pivot point stands at 50160.
Our preference: technical rebound towards 50160 before a new drop.
Alternative scenario: the upside breakout of 50160, would call for 50950 and 51420.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (49410) but under its 50 period moving average (49574).
Supports and resistances:
51420 **
50950 *
50160 **
49840
49531 last
48580
48110 **
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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