Bitcoin / Dollar intraday: target 8104
Our pivot point is at 8407.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (8329) but above its 50 MA (8279).
Alternative scenario:
the upside breakout of 8407, would call for 8520 and 8587.
Our preference:
target 8104.
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