Bitcoin could drop to 43750 - 44210
46870 is our bottom line.
Our preferences
As long as 46870 is resistance, look for 43750.
Alternative scenario
Bullish breakout of 46870 will produce 47650 and
48120.
Comment
The RSI is below the neutral zone at 50. The MACD is positive and above its signal line.
A break above the 50 zone of the RSI will trigger the next increase. Furthermore, the price stands above the 20-period moving average (45644) but below the 50-period moving average (45832).
Support and resistance
48120**
47650*
46870**
46560
45821 last
44210
43750**
43290*
