Bitcoin / Dollar intraday: the downside prevails as long as 77980 is resistance
Our pivot point is at 77980.
Our preference:
The downside prevails as long as 77980 is resistance.
Alternative scenario:
The upside breakout of 77980, would call for 78930 and 79490.
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 77373 and 78107).
