Bitcoin / Dollar intraday: as long as 47370 is support look for 51140
Our pivot point is at 47370.
Our preference:
As long as 47370 is support look for 51140.
Alternative scenario:
The downside breakout of 47370 would call for 45930 and 45070.
Comment:
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (48678) but above its 50 period moving average (48133).
This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading View and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.