Bitcoin / Dollar intraday: the upside prevails as long as 108870 is support
108870 is our pivot point.
Our preference:
The upside prevails as long as 108870 is support.
Alternative scenario:
Below 108870, expect 107150 and 106140.
Comment:
The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (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 108959 and 107340).
