Bitcoin / Dollar intraday: the downside prevails as long as 111000 is resistance
Our pivot point stands at 111000.
Our preference:
The downside prevails as long as 111000 is resistance.
Alternative scenario:
The upside breakout of 111000, would call for 112080 and 112730.
Comment:
The RSI is below its neutrality area at 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 111255 and 111806).
