Bitcoin / Dollar intraday: the downside prevails as long as 22310 is resistance
Our pivot point is at 22310.
Our preference:
The downside prevails as long as 22310 is resistance.
Alternative scenario:
The upside breakout of 22310, would call for 22610 and 22790.
Comment:
The RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 22517 and 22673).
