Bitcoin / Dollar intraday: rebound
Our pivot point stands at 120650.
Our preference:
Rebound.
Alternative scenario:
Below 120650, expect 119310 and 118520.
Comment:
The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (121160) but below its 50 period moving average (121838).
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