Bitcoin / Dollar intraday: the RSI is oversold
68530 is our pivot point.
Our preference: the downside prevails as long as 68530 is resistance.
Alternative scenario: above 68530, look for 70060 and 70960.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 69195 and 70028).
Supports and resistances:
70960 **
70060 *
68530 **
67930
66936 last
65010
64110 **
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