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Bitcoin / Dollar intraday: the upside prevails as long as 51170 is support
2024-02-22
369
Our pivot point is at 51170.
Our preference: the upside prevails as long as 51170 is support.
Alternative scenario: below 51170, expect 50350 and 49850.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 51571 and 51346).
Supports and resistances:
54310 **
53820 *
53320 **
52830
51850 last
51500
51170 **
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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