Bitcoin / Dollar intraday: the downside prevails as long as 111190 is resistance
111190 is our pivot point.
Our preference:
The downside prevails as long as 111190 is resistance.
Alternative scenario:
The upside breakout of 111190, would call for 112510 and 113300.
Comment:
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 110328 and 110249).
