Bitcoin / Dollar intraday: under pressure below 52400
Our pivot point is at 52400.
Our preference:
Under pressure below 52400.
Alternative scenario:
Above 52400, look for 53920 and 54830.
Comment:
The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 51350 and 51019).
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