Bitcoin / Dollar may fall 1612 - 2402 pips
45760 is a pivot point.
Our preference
The downside prevails as long as 45760 is resistance.
Alternative scenario
Above 45760, look for 47090 and 47880.
Comment
The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (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 45301 and 46215).
Supports and resistances
47880 **
47090 *
45760 **
45240
44702 last
43090
42300 **
41510 *
40720 **
Number of asterisks represents the strength of support and resistance levels.
45760 is a pivot point.
Our preference
The downside prevails as long as 45760 is resistance.
Alternative scenario
Above 45760, look for 47090 and 47880.
Comment
The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (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 45301 and 46215).
Supports and resistances
47880 **
47090 *
45760 **
45240
44702 last
43090
42300 **
41510 *
40720 **
Number of asterisks represents the strength of support and resistance levels.