Bitcoin / Dollar intraday: the downside prevails as long as 107050 is resistance
Our pivot point stands at 107050.
Our preference:
The downside prevails as long as 107050 is resistance.
Alternative scenario:
Above 107050, look for 108730 and 109730.
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 106356 and 107433).