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Bitcoin/Dollar levels: The downside prevails as long as 6486 is resistance

Bitcoin/Dollar levels: The downside prevails as long as 6486 is resistance
Swissquote Bank Research TeamSwissquote Bank Research TeamSwissquote Bank Ltd

Bitcoin/Dollar

The downside prevails as long as 6486 is resistance.

Bitcoin

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Our pivot (invalidation) point is at 6486.

Our preference
The downside prevails as Long as 6486 is resistance.

Alternative scenario
Above 6486, look for 6679 and 6794.

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 stands below its 20 and 50 MAs (respectively at 6352 and 6352).

Author

Swissquote Bank Research Team

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