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Bitcoin / Dollar intraday: as long as 49240 is support look for 51400

2024-02-13
1079

Our pivot point is at 49240.

Our preference: as long as 49240 is support look for 51400.

Alternative scenario: the downside breakout of 49240 would call for 48440 and 47960.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (49979) but above its 50 period moving average (49009).

Supports and resistances:

52350 **

51870 *

51400 **

50920

49956 last

49550

49240 **

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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