Bitcoin / Dollar intraday: above its upper Bollinger band
Our pivot point stands at 29130.
Our preference:
The upside prevails as long as 29130 is support.
Alternative scenario:
The downside breakout of 29130 would call for 28810 and 28610.
Comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 29373 and 29390). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (29411).
