Bitcoin / Dollar intraday: as long as 21070 is support look for 22770
Our pivot point stands at 21070.
Our preference:
As long as 21070 is support look for 22770.
Alternative scenario:
Below 21070, expect 20430 and 20050.
Comment:
The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (21612) but above its 50 period moving average (21597).
Long positions above 1710.00 with targets at 1729.00 & 1735.00 in extension.
Alternative scenario:
Below 1710.00 look for further downside with 1703.00 & 1696.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
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