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Bitcoin / Dollar intraday: the downside prevails as long as 67860 is resistance
2024-03-08
373
Our pivot point is at 67860.
Our preference: the downside prevails as long as 67860 is resistance.
Alternative scenario: the upside breakout of 67860, would call for 68930 and 69570.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67232 and 67055).
Supports and resistances:
69570 **
68930 *
67860 **
67440
67013 last
65730
65090 **
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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