Bitcoin / Dollar intraday: the downside prevails as long as 29770 is resistance
29770 is our pivot point.
Our preference:
The downside prevails as long as 29770 is resistance.
Alternative scenario:
The upside breakout of 29770, would call for 30330 and 30670.
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 29507 and 29343).
