Bitcoin / Dollar intraday: above its upper Bollinger band
Our pivot point stands at 53540.
Our preference:
The upside prevails as long as 53540 is support.
Alternative scenario:
The downside breakout of 53540 would call for 51910 and 50940.
Comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 54366 and 54420). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 54951).
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