HomeContributorsTechnical AnalysisBitcoin/Dollar The Downside Prevails As Long As 6789 Is Resistance

Bitcoin/Dollar The Downside Prevails As Long As 6789 Is Resistance

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).

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