Bitcoin / Dollar intraday: the upside prevails as long as 51560 is support
Our pivot point stands at 51560.
Our preference: the upside prevails as long as 51560 is support.
Alternative scenario: the downside breakout of 51560 would call for 50720 and 50220.
Comment: the RSI is above its neutrality area at 50. 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 52109 and 52069).
Supports and resistances:
54730 **
54230 *
53730 **
53230
52221 last
51890
51560 **
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