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Bitcoin / Dollar intraday: the downside prevails as long as 61890 is resistance
2024-03-20
1021
Our pivot point stands at 61890.
Our preference: the downside prevails as long as 61890 is resistance.
Alternative scenario: the upside breakout of 61890, would call for 63030 and 63700.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62558 and 63428).
Supports and resistances:
63700 **
63030 *
61890 **
61450
60959 last
59590
58910 **
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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