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Bitcoin / Dollar intraday: target 33650

2023-10-26
271

Our pivot point stands at 34960.

Our preference: target 33650.

Alternative scenario: above 34960, look for 35440 and 35730.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (34650) but above its 50 period moving average (34507).

Supports and resistances:

35730 **

35440 *

34960 **

34770

34569 last

33930

33650 **

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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