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Bitcoin / Dollar intraday: below its lower Bollinger band

2023-12-29
627

Our pivot point is at 41760.

Our preference: rebound towards 43560.

Alternative scenario: the downside breakout of 41760 would call for 41140 and 40770.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 42540 and 42889). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 42315).

Supports and resistances:

44310 **

43930 *

43560 **

43190

42313 last

42010

41760 **

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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