Swissquote Bank Research Team
Swissquote Bank Ltd
Bitcoin/Dollar
The downside prevails.
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Pivot (invalidation): 7590
Our preference Short positions below 7590 with targets at 7225 & 7000 in extension.
Alternative scenario
Above 7590 look for further upside with 7790 & 7990 as targets.
Comment
The RSI has broken down its 30 level.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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