Bitcoin / Dollar intraday: the downside prevails as long as 47490 is resistance
Our pivot point is at 47490.
Our preference:
The downside prevails as long as 47490 is resistance.
Alternative scenario:
The upside breakout of 47490, would call for 48870 and 49690.
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 46641 and 46431).
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