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Bitcoin / Dollar intraday: the downside prevails as long as 52070 is resistance
2024-02-26
110
Our pivot point is at 52070.
Our preference: the downside prevails as long as 52070 is resistance.
Alternative scenario: the upside breakout of 52070, would call for 52890 and 53380.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 51562 and 51600).
Supports and resistances:
53380 **
52890 *
52070 **
51750
51353 last
50370
49880 **
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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