|Bitcoin / Dollar intraday: the upside prevails as long as 4052 is support|
|Our pivot point is at 4052.
Most likely scenario: the upside prevails as long as 4052 is support.
Alternative scenario: the downside breakout of 4052 would call for 3887 and 3788.
Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 4078 and 4006).