*Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
Bitcoin / Dollar may rise 1803 - 2703 pips
Our pivot point is at 49400.
Our preference
The upside prevails as long as 49400 is support.
Alternative scenario
The downside breakout of 49400 would call for 47900 and 47010.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 50137 and 50314).
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