Bitcoin / Dollar intraday: the RSI is overbought
Our pivot point stands at 70730.
Our preference: the upside prevails as long as 70730 is support.
Alternative scenario: below 70730, expect 69580 and 68900.
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 trading above both its 20 and 50 period moving average (respectively at 69364 and 69425).
Supports and resistances:
75090 **
74400 *
73720 **
73030
71651 last
71180
70730 **
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