Bitcoin / Dollar intraday: technical rebound towards 117400 before a new drop
Our pivot point is at 117400.
Our preference:
Technical rebound towards 117400 before a new drop.
Alternative scenario:
The upside breakout of 117400, would call for 118550 and 119240.
Comment:
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (115909) but under its 50 period moving average (116346).
