Bitcoin / Dollar intraday: rebound

Bitcoin / Dollar intraday: rebound
Our pivot point stands at 4242.

Most likely scenario: rebound.

Alternative scenario: the downside breakout of 4242 would call for 4059 and 3949.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands above its 20 MA (4347) but below its 50 MA (4446).

Leave a Reply