Bitcoin / Dollar intraday: the downside prevails as long as 28860 is resistance
28860 is our pivot point.
Our preference:
The downside prevails as long as 28860 is resistance.
Alternative scenario:
The upside breakout of 28860, would call for 29400 and 29730.
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 28986 and 28834).
