HomeContributorsTechnical AnalysisBitcoin/Dollar As long As 6543 Is Support Look For 7048

Bitcoin/Dollar As long As 6543 Is Support Look For 7048

Our pivot (invalidation) point stands at 6543.

Our preference As Long as 6543 is support look for 7048.

Alternative scenario The downside breakout of 6543 would call for 6349 and 6234.

Comment The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is below its 20 MA (6711) but above its 50 MA (6606).

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