Bitcoin / Dollar intraday: the upside prevails as long as 3161 is support

Bitcoin / Dollar intraday: the upside prevails as long as 3161 is support
Our pivot point stands at 3161.

Most likely scenario: the upside prevails as long as 3161 is support.

Alternative scenario: the downside breakout of 3161 would call for 3094 and 3054.

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 pair is trading above both its 20 and 50 MAs (respectively at 3204 and 3211).

Leave a Reply