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Bitcoin / Dollar intraday: target 46720
2024-02-12
595
Our pivot point is at 48950.
Our preference: target 46720.
Alternative scenario: the upside breakout of 48950, would call for 49740 and 50220.
Comment: the RSI is below 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 (48242) but above its 50 period moving average (48108).
Supports and resistances:
50220 **
49740 *
48950 **
48640
48151 last
47190
46720 **
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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