Bitcoin / Dollar intraday: target 111270
Our pivot point stands at 114190.
Our preference:
Target 111270.
Alternative scenario:
The upside breakout of 114190, would call for 115330 and 116010.
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (113565) but above its 50 period moving average (112953).
