Bitcoin / Dollar intraday: target 7196
Our pivot point stands at 7466.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (7392) but above its 50 MA (7374).
Alternative scenario:
the upside breakout of 7466, would call for 7567 and 7626.
Our preference:
target 7196.
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