Bitcoin / Dollar intraday: the upside prevails as long as 104700 is support
104700 is our pivot point.
Our preference:
The upside prevails as long as 104700 is support.
Alternative scenario:
The downside breakout of 104700 would call for 103350 and 102540.
Comment:
The RSI is above its neutrality area at 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 105748 and 105684).
