Bitcoin / Dollar intraday: above its upper Bollinger band
114590 is our pivot point.
Our preference:
The upside prevails as long as 114590 is support.
Alternative scenario:
Below 114590, expect 113440 and 112750.
Comment:
The RSI is above 70. It could mean either that the price 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 price is trading above both its 20 and 50 period moving average (respectively at 114652 and 114314). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 115510).
