Bitcoin / Dollar intraday: the downside prevails as long as 42950 is resistance
Our pivot point is at 42950.
Our preference: the downside prevails as long as 42950 is resistance.
Alternative scenario: above 42950, look for 43580 and 43950.
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 42495 and 42435).
Supports and resistances:
43950 **
43580 *
42950 **
42700
42433 last
41690
41310 **
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