Bitcoin / Dollar intraday: the downside prevails as long as 27790 is resistance
Our pivot point is at 27790.
Our preference:
The downside prevails as long as 27790 is resistance.
Alternative scenario:
Above 27790, look for 28120 and 28320.
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 27671 and 27685).
