Bitcoin / Dollar intraday: the downside prevails as long as 118050 is resistance
Our pivot point is at 118050.
Our preference:
The downside prevails as long as 118050 is resistance.
Alternative scenario:
The upside breakout of 118050, would call for 119220 and 119910.
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 117492 and 117280).
