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Bitcoin/Dollar levels: The downside prevails as long as 6669 is resistance

Bitcoin/Dollar levels: The downside prevails as long as 6669 is resistance
Swissquote Bank Research TeamSwissquote Bank Research TeamSwissquote Bank Ltd

Bitcoin/Dollar

The downside prevails as long as 6669 is resistance.

Bitcoin

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Our pivot (invalidation) point stands at 6669.

Our preference
The downside prevails as Long as 6669 is resistance.

Alternative scenario
Above 6669, look for 6917 and 7065.

Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 6530 and 6575).

Author

Swissquote Bank Research Team

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