Bitcoin / Dollar intraday: as long as 20460 is support look for 21450
20460 is our pivot point.
Our preference:
As long as 20460 is support look for 21450.
Alternative scenario:
Below 20460, expect 20100 and 19880.
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 20786 and 20542).
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.