Bitcoin / Dollar intraday: the downside prevails as long as 31120 is resistance
Our pivot point stands at 31120.
Our preference:
The downside prevails as long as 31120 is resistance.
Alternative scenario:
The upside breakout of 31120, would call for 31550 and 31800.
Comment:
The RSI is below 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 30966 and 31056).
