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Bitcoin / Dollar intraday: below its lower Bollinger band

2024-04-25
923

Our pivot point is at 64380.

Our preference: the downside prevails as long as 64380 is resistance.

Alternative scenario: above 64380, look for 65910 and 66820.

Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 63880 and 64269). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 63078).

Supports and resistances:

66820 **

65910 *

64380 **

63780

62900 last

61090

60180 **

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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