Bitcoin / Dollar intraday: the downside prevails as long as 108500 is resistance
108500 is our pivot point.
Our preference:
The downside prevails as long as 108500 is resistance.
Alternative scenario:
The upside breakout of 108500, would call for 109860 and 110660.
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 107872 and 108101).
