Bitcoin / Dollar intraday: as long as 49390 is support look for 51840
Our pivot point is at 49390.
Our preference: as long as 49390 is support look for 51840.
Alternative scenario: the downside breakout of 49390 would call for 48590 and 48110.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 49943 and 48913).
Supports and resistances:
52800 **
52320 *
51840 **
51350
50043 last
49710
49390 **
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