Bitcoin / Dollar intraday: the upside prevails as long as 56700 is support
Our pivot point is at 56700.
Our preference:
The upside prevails as long as 56700 is support.
Alternative scenario:
The downside breakout of 56700 would call for 54970 and 53950.
Comment:
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 57624 and 57307).
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