Bitcoin / Dollar intraday: the downside prevails as long as 116200 is resistance
Our pivot point is at 116200.
Our preference:
The downside prevails as long as 116200 is resistance.
Alternative scenario:
The upside breakout of 116200, would call for 117350 and 118030.
Comment:
The RSI is below 50. 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 115471 and 115603).
