Bitcoin / Dollar intraday: above its upper Bollinger band
Our pivot point stands at 34430.
Our preference:
The upside prevails as long as 34430 is support.
Alternative scenario:
The downside breakout of 34430 would call for 34000 and 33750.
Comment:
The RSI is above 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 34543 and 34516). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (34940).
