Bitcoin / Dollar intraday: as long as 49240 is support look for 51400
Our pivot point is at 49240.
Our preference: as long as 49240 is support look for 51400.
Alternative scenario: the downside breakout of 49240 would call for 48440 and 47960.
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 below its 20 period moving average (49979) but above its 50 period moving average (49009).
Supports and resistances:
52350 **
51870 *
51400 **
50920
49956 last
49550
49240 **
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