Bitcoin / Dollar intraday: the downside prevails as long as 20290 is resistance
Our pivot point stands at 20290.
Our preference:
The downside prevails as long as 20290 is resistance.
Alternative scenario:
The upside breakout of 20290, would call for 20700 and 20950.
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 20026 and 20142).
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