Bitcoin / Dollar intraday: the downside prevails as long as 16930 is resistance
Our pivot point stands at 16930.
Our preference:
The downside prevails as long as 16930 is resistance.
Alternative scenario:
The upside breakout of 16930, would call for 17300 and 17520.
Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 16669 and 16732).
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