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Bitcoin / Dollar intraday: the upside prevails as long as 51540 is support
2024-02-16
1034
Our pivot point stands at 51540.
Our preference: the upside prevails as long as 51540 is support.
Alternative scenario: below 51540, expect 50700 and 50200.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 51914 and 52100).
Supports and resistances:
54710 **
54210 *
53720 **
53220
52200 last
51870
51540 **
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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