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Bitcoin / Dollar intraday: the RSI is oversold

2024-03-22
303

Our pivot point is at 64120.

Our preference: the downside prevails as long as 64120 is resistance.

Alternative scenario: above 64120, look for 65290 and 66000.

Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 65117 and 65542).

Supports and resistances:

66000 **

65290 *

64120 **

63660

63187 last

61660

60960 **

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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