Bitcoin / Dollar intraday: the upside prevails as long as 23820 is support
Our pivot point stands at 23820.
Our preference:
The upside prevails as long as 23820 is support.
Alternative scenario:
The downside breakout of 23820 would call for 23410 and 23160.
Comment:
The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 23581 and 22749).
