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Bitcoin / Dollar intraday: technical rebound towards 71560 before a new drop
2024-03-27
112
71560 is our pivot point.
Our preference: technical rebound towards 71560 before a new drop.
Alternative scenario: the upside breakout of 71560, would call for 73080 and 73990.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (70226) but under its 50 period moving average (70361).
Supports and resistances:
73990 **
73080 *
71560 **
70960
70334 last
68520
67610 **
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