Bitcoin / Dollar intraday: below its lower Bollinger band
Our pivot point stands at 52430.
Our preference: the downside prevails as long as 52430 is resistance.
Alternative scenario: the upside breakout of 52430, would call for 53250 and 53740.
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 stands below its 20 and 50 period moving average (respectively at 52040 and 51957). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 51652).
Supports and resistances:
53740 **
53250 *
52430 **
52100
51619 last
50640
50150 **
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