Bitcoin / Dollar intraday: the downside prevails as long as 43180 is resistance
Our pivot point stands at 43180.
Our preference: the downside prevails as long as 43180 is resistance.
Alternative scenario: the upside breakout of 43180, would call for 43810 and 44180.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (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 43102 and 43328).
Supports and resistances:
44180 **
43810 *
43180 **
42930
42655 last
41860
41490 **
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