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Bitcoin/Dollar Levels: The downside prevails as long as 6789 is resistance

Bitcoin/Dollar Levels: The downside prevails as long as 6789 is resistance
Swissquote Bank Research TeamSwissquote Bank Research TeamSwissquote Bank Ltd

Bitcoin/Dollar

The downside prevails as long as 6789 is resistance

Bitcoin

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Our pivot (invalidation) point is at 6789.

Our preference
The downside prevails as Long as 6789 is resistance.

Alternative scenario
The upside breakout of 6789, would call for 7020 and 7158.

Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 6688 and 6705).

Author

Swissquote Bank Research Team

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