Bitcoin / Dollar intraday: the upside prevails as long as 43160 is support
43160 is our pivot point.
Our preference:
The upside prevails as long as 43160 is support.
Alternative scenario:
The downside breakout of 43160 would call for 41850 and 41070.
Comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 43889 and 44031).
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.