Bitcoin / Dollar intraday: look for a drop towards 61210 before a bounce
Our pivot point stands at 61210.
Our preference:
Look for a drop towards 61210 before a bounce.
Alternative scenario:
The downside breakout of 61210 would call for 60210 and 59620.
Comment:
The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is below its 20 period moving average (62226) but above its 50 period moving average (62017).
