Bitcoin / Dollar intraday: the upside prevails as long as 43260 is support
Our pivot point stands at 43260.
Our preference:
The upside prevails as long as 43260 is support.
Alternative scenario:
The downside breakout of 43260 would call for 42590 and 42200.
Comment:
The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 42815 and 42195).
