Bitcoin / Dollar intraday: below its lower Bollinger band
Our pivot point stands at 96390.
Our preference:
Under pressure below 96390.
Alternative scenario:
Above 96390, look for 97570 and 98280.
Comment:
The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 95214 and 95132). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (94820).
