Bitcoin / Dollar intraday: the downside prevails as long as 61840 is resistance
Our pivot point stands at 61840.
Our preference:
The downside prevails as long as 61840 is resistance.
Alternative scenario:
The upside breakout of 61840, would call for 62800 and 63370.
Comment:
The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 61312 and 61603).
