Bitcoin / Dollar intraday: the RSI is overbought
Our pivot point stands at 67560.
Our preference: the upside prevails as long as 67560 is support.
Alternative scenario: below 67560, expect 66060 and 65160.
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 67566 and 66576).
Supports and resistances:
73650 **
72750 *
71850 **
70950
68740 last
68150
67560 **
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