Bitcoin / Dollar intraday: the downside prevails as long as 16510 is resistance
16510 is our pivot point.
Our preference:
The downside prevails as long as 16510 is resistance.
Alternative scenario:
Above 16510, look for 16750 and 16900.
Comment:
The RSI is below its neutrality area at 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 16577 and 16436).
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