Bitcoin / Dollar intraday: the downside prevails as long as 23180 is resistance
23180 is our pivot point.
Our preference:
The downside prevails as long as 23180 is resistance.
Alternative scenario:
The upside breakout of 23180, would call for 23490 and 23670.
Comment:
The RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 23086 and 23256).
