Bitcoin / Dollar intraday: look for a drop towards 19680 before a bounce
Our pivot point stands at 19680.
Our preference:
Look for a drop towards 19680 before a bounce.
Alternative scenario:
The downside breakout of 19680 would call for 19080 and 18720.
Comment:
The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 20182 and 20151).
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