Bitcoin / Dollar intraday: technical rebound towards 42780 before a new drop
Our pivot point is at 42780.
Our preference: technical rebound towards 42780 before a new drop.
Alternative scenario: above 42780, look for 43500 and 43930.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (42087) but below its 50 period moving average (42254).
Supports and resistances:
43930 **
43500 *
42780 **
42490
42184 last
41320
40890 **
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