Bitcoin / Dollar intraday: the downside prevails as long as 37759 is resistance

  • May 19, 2021

Our pivot point stands at 37759.

Our preference: the downside prevails as long as 37759 is resistance.

Alternative scenario: the upside breakout of 37759, would call for 38725 and 39300.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 38474 and 40871).

Supports and resistances:
39300 **
38725 *
37759 **
37380
36930 last
33653
33113 **
32573 *
32034 **