Bitcoin / Dollar intraday: as long as 19980 is support look for 21110
Our pivot point stands at 19980.
Our preference:
As long as 19980 is support look for 21110.
Alternative scenario:
The downside breakout of 19980 would call for 19560 and 19310.
Comment:
The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 20188 and 19949).
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 Central and BTCDana & Forexdana 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.
