Bitcoin / Dollar intraday: our next up target stands at 29740
Our pivot point stands at 28720.
Our preference:
Our next up target stands at 29740.
Alternative scenario:
The downside breakout of 28720 would call for 28340 and 28110.
Comment:
The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 28987 and 29033).
