Swissquote Bank Research Team
Swissquote Bank Ltd
Bitcoin/Dollar
The downside prevails as long as 6802 is resistance.
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Our pivot (invalidation) point is at 6802.
Our preference
The downside prevails as Long as 6802 is resistance.
Alternative scenario
The upside breakout of 6802, would call for 6995 and 7109.
Comment
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 6683 and 6697).
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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