Our pivot point stands at 29340.
Our preference: target 27870.
Alternative scenario: above 29340, look for 29900 and 30230.
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 trading under its 20 period moving average (29110) but above its 50 period moving average (28866). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 28926).
Supports and resistances:
30230 **
29900 *
29340 **
29120
28890 last
28200
27870 **
27540 *
27200 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-04-2023 at 15:50 UTC+1
Price reference: 28890 last known on 05-04-2023 at 15:50 UTC+1
Investment horizon: INTRADAY
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