|Bitcoin / Dollar intraday: above its upper Bollinger band|
|Our pivot point is at 3902.
Most likely scenario: the upside prevails as long as 3902 is support.
Alternative scenario: below 3902, expect 3775 and 3699.
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 above its 20 and 50 MAs (respectively at 3990 and 4004). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (4020).