Bitcoin / Dollar intraday: target 8112
Our pivot point stands at 8413.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (8339) but above its 50 MA (8318).
Alternative scenario:
the upside breakout of 8413, would call for 8526 and 8594.
Our preference:
target 8112.