Bitcoin / Dollar intraday: the downside prevails as long as 110820 is resistance
Our pivot point stands at 110820.
Our preference:
The downside prevails as long as 110820 is resistance.
Alternative scenario:
Above 110820, look for 112550 and 113570.
Comment:
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 109405 and 109571).
