Bitcoin / Dollar intraday: the downside prevails as long as 50120 is resistance
Our pivot point stands at 50120.
Our preference:
The downside prevails as long as 50120 is resistance.
Alternative scenario:
Above 50120, look for 51570 and 52430.
Comment:
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 48996 and 49132).
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