Bitcoin / Dollar intraday: the downside prevails as long as 38600 is resistance
Our pivot point stands at 38600.
Our preference:
The downside prevails as long as 38600 is resistance.
Alternative scenario:
The upside breakout of 38600, would call for 39720 and 40390.
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 stands below its 20 and 50 period moving average (respectively at 37890 and 38019).
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