Bitcoin / Dollar intraday: the upside prevails as long as 89270 is support
Our pivot point stands at 89270.
Our preference:
The upside prevails as long as 89270 is support.
Alternative scenario:
Below 89270, expect 87890 and 87060.
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 positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 89052 and 88023).
