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Bitcoin / Dollar intraday: under pressure below 52740
2024-02-19
776
Our pivot point stands at 52740.
Our preference: under pressure below 52740.
Alternative scenario: the upside breakout of 52740, would call for 53580 and 54080.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 52274 and 52092).
Supports and resistances:
54080 **
53580 *
52740 **
52410
52086 last
51070
50570 **
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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