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Bitcoin / Dollar intraday: under pressure below 48790
2024-02-12
957
Our pivot point is at 48790.
Our preference: under pressure below 48790.
Alternative scenario: the upside breakout of 48790, would call for 49590 and 50060.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 48288 and 48247).
Supports and resistances:
50060 **
49590 *
48790 **
48480
48172 last
47230
46760 **
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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