Bitcoin / Dollar ST: above its upper Bollinger band
Our pivot point is at 40390.
Our preference: as long as 40390 is support look for 53880.
Alternative scenario: below 40390, expect 35640 and 32820.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 42987 and 40802). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 44874).
Supports and resistances:
59660 **
56770 *
53880 **
50980
45150 last
42250
40390 **
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