Swissquote Bank Research Team
Swissquote Bank Ltd
Bitcoin/Dollar
The downside prevails as long as 6838 is resistance
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Our pivot (invalidation) point stands at 6838.
Our preference
The downside prevails as Long as 6838 is resistance.
Alternative scenario
Above 6838, look for 7050 and 7176.
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 6697 and 6720).
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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