Bitcoin/Dollar levels: The downside prevails as long as 6802 is resistance
|Bitcoin/Dollar
The downside prevails as long as 6802 is resistance.
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Our pivot (invalidation) point is at 6802.
Our preference
The downside prevails as Long as 6802 is resistance.
Alternative scenario
The upside breakout of 6802, would call for 6995 and 7109.
Comment
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 6683 and 6697).
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