Bitcoin / Dollar intraday: the downside prevails as long as 63420 is resistance
Our pivot point is at 63420.
Our preference: the downside prevails as long as 63420 is resistance.
Alternative scenario: above 63420, look for 64770 and 65570.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63155 and 63445).
Supports and resistances:
65570 **
64770 *
63420 **
62890
62364 last
60700
59900 **
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.
CM Trade Mobile Application
Economics Calendar
More