Bitcoin / Dollar intraday: the upside prevails as long as 94220 is support
94220 is our pivot point.
Our preference:
The upside prevails as long as 94220 is support.
Alternative scenario:
The downside breakout of 94220 would call for 93040 and 92340.
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 above its 20 and 50 period moving average (respectively at 93859 and 92566).
