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Bitcoin / Dollar intraday: target 33620
2023-10-26
1010
Our pivot point is at 34900.
Our preference: target 33620.
Alternative scenario: the upside breakout of 34900, would call for 35380 and 35670.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (34657) but above its 50 period moving average (34340).
Supports and resistances:
35670 **
35380 *
34900 **
34710
34493 last
33900
33620 **
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