Bitcoin / Dollar intraday: the upside prevails as long as 42440 is support
42440 is our pivot point.
Our preference:
The upside prevails as long as 42440 is support.
Alternative scenario:
Below 42440, expect 41700 and 41260.
Comment:
The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 42594 and 42306).
