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Bitcoin / Dollar intraday: below its lower Bollinger band

2024-03-03
223

Our pivot point is at 62550.

Our preference: the downside prevails as long as 62550 is resistance.

Alternative scenario: the upside breakout of 62550, would call for 63540 and 64130.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 61897 and 61935). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 61626).

Supports and resistances:

64130 **

63540 *

62550 **

62160

61605 last

60230

59640 **

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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