Bitcoin / Dollar intraday: look for a drop towards 43120 before a bounce
Our pivot point is at 43120.
Our preference:
Look for a drop towards 43120 before a bounce.
Alternative scenario:
The downside breakout of 43120 would call for 42390 and 41960.
Comment:
The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (43768) but above its 50 period moving average (43692).
