Bitcoin / Dollar intraday: the downside prevails as long as 48140 is resistance
48140 is our pivot point.
Our preference:
The downside prevails as long as 48140 is resistance.
Alternative scenario:
The upside breakout of 48140, would call for 49540 and 50370.
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 47220 and 47279).
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