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Bitcoin / Dollar intraday: the upside prevails as long as 16680 is support
16680 is our pivot point.
Our preference:
The upside prevails as long as 16680 is support.
Alternative scenario:
The downside breakout of 16680 would call for 16470 and 16340.
Comment:
The RSI is above 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 16826 and 16826).
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