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Bitcoin / Dollar intraday: below its lower Bollinger band

2024-03-18
737

Our pivot point stands at 68280.

Our preference: the downside prevails as long as 68280 is resistance.

Alternative scenario: the upside breakout of 68280, would call for 69440 and 70140.

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 68055 and 68002). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (67138).

Supports and resistances:

70140 **

69440 *

68280 **

67820

66941 last

65520

64830 **

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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