Bitcoin / Dollar intraday: below its lower Bollinger band

Bitcoin / Dollar intraday: below its lower Bollinger band
Our pivot point is at 3694.

Most likely scenario: target 3462.

Alternative scenario: above 3694, look for 3779 and 3830.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (3629) but above its 50 MA (3609). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (3619).

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