Bitcoin / Dollar intraday: the downside prevails as long as 34700 is resistance
Our pivot point is at 34700.
Our preference: the downside prevails as long as 34700 is resistance.
Alternative scenario: above 34700, look for 35180 and 35460.
Comment: the RSI is below 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 34462 and 34583).
Supports and resistances:
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