Bitcoin / Dollar intraday: as long as 17210 is support look for 17970
Our pivot point is at 17210.
Our preference:
As long as 17210 is support look for 17970.
Alternative scenario:
The downside breakout of 17210 would call for 16950 and 16790.
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 17212 and 16676).
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