Bitcoin / Dollar intraday: the downside prevails as long as 42700 is resistance
42700 is our pivot point.
Our preference:
The downside prevails as long as 42700 is resistance.
Alternative scenario:
Above 42700, look for 43940 and 44680.
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 42053 and 41983).
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