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Bitcoin / Dollar intraday: target 65080
2024-03-05
1063
68920 is our pivot point.
Our preference: target 65080.
Alternative scenario: the upside breakout of 68920, would call for 70020 and 70670.
Comment: the RSI is below its neutrality area at 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 trading under its 20 period moving average (67884) but above its 50 period moving average (66270).
Supports and resistances:
70670 **
70020 *
68920 **
68490
67339 last
65720
65080 **
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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