Bitcoin / Dollar intraday: the downside prevails as long as 47940 is resistance
Our pivot point is at 47940.
Our preference:
The downside prevails as long as 47940 is resistance.
Alternative scenario:
Above 47940, look for 49330 and 50160.
Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 47128 and 47165).
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