Bitcoin / Dollar intraday: the downside prevails as long as 112210 is resistance
Our pivot point stands at 112210.
Our preference:
The downside prevails as long as 112210 is resistance.
Alternative scenario:
The upside breakout of 112210, would call for 113380 and 114080.
Comment:
The RSI is below 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 111856 and 111486).
