Bitcoin / Dollar intraday: above its upper Bollinger band
42600 is our pivot point.
Our preference:
Our next up target stands at 46700.
Alternative scenario:
Below 42600, expect 41310 and 40540.
Comment:
The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 43414 and 43883). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (44200).
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