HomeContributorsTechnical AnalysisBitcoin/Dollar The Downside Prevails As Long As 6206 Is Resistance

Bitcoin/Dollar The Downside Prevails As Long As 6206 Is Resistance

Our pivot (invalidation) point is at 6206.

Our preference The downside prevails as Long as 6206 is resistance.

Alternative scenario The upside breakout of 6206, would call for 6383 and 6488.

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 6128 and 6177).

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