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Bitcoin/Dollar Levels: The downside prevails as long as 6581 is resistance

Bitcoin/Dollar Levels: The downside prevails as long as 6581 is resistance
Swissquote Bank Research TeamSwissquote Bank Research TeamSwissquote Bank Ltd

Bitcoin/Dollar

The downside prevails as long as 6581 is resistance

Bitcoin

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Our pivot (invalidation) point is at 6581.

Our preference
The downside prevails as Long as 6581 is resistance.

Alternative scenario
Above 6581, look for 6794 and 6921.

Comment
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 6450 and 6507).

Author

Swissquote Bank Research Team

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