Bitcoin / Dollar intraday: target 36420
Our pivot point stands at 39600.
Our preference:
Target 36420.
Alternative scenario:
Above 39600, look for 40750 and 41430.
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (38791) but above its 50 period moving average (38285).
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