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Bitcoin/Dollar Below Its Lower Bollinger Band

Our pivot (invalidation) point is at 6246.

Our preference under pressure below 6246.

Alternative scenario The upside breakout of 6246, would call for 6416 and 6518.

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 pair stands below its 20 and 50 MAs (respectively at 6126 and 6102). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 6102).

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