Bitcoin / Dollar intraday: rebound towards 39550
Our pivot point stands at 36530.
Our preference:
Rebound towards 39550.
Alternative scenario:
Below 36530, expect 35420 and 34760.
Comment:
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 37861 and 38282).
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.