Bitcoin / Dollar intraday: the downside prevails as long as 16880 is resistance
Our pivot point is at 16880.
Our preference:
The downside prevails as long as 16880 is resistance.
Alternative scenario:
The upside breakout of 16880, would call for 17240 and 17450.
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 16632 and 16649).
