Bitcoin / Dollar intraday: above its upper Bollinger band
Our pivot point is at 25750.
Our preference:
The upside prevails as long as 25750 is support.
Alternative scenario:
The downside breakout of 25750 would call for 25500 and 25340.
Comment:
The RSI is above its neutrality area at 50. 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 25906 and 25888). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 25979).
