Bitcoin / Dollar intraday: as long as 29670 is support look for 30700
Our pivot point stands at 29670.
Our preference:
As long as 29670 is support look for 30700.
Alternative scenario:
The downside breakout of 29670 would call for 29270 and 29040.
Comment:
The RSI is above its neutrality area at 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 (30028) but above its 50 period moving average (29319).
