Bitcoin / Dollar intraday: the upside prevails as long as 19180 is support
19180 is our pivot point.
Our preference:
The upside prevails as long as 19180 is support.
Alternative scenario:
The downside breakout of 19180 would call for 18990 and 18870.
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 positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 19139 and 18971).
