Bitcoin Intraday: above its upper Bollinger band

Bitcoin (BTC/USD)
-521.46-0.57%
the upside prevails as long as 90430 is support.
image
90430 is our pivot point.

Our preference: the upside prevails as long as 90430 is support.

Alternative scenario: below 90430, expect 89020 and 88180.

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 is above its 20 and 50 period moving average (respectively at 91492 and 91332). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 92035).

Supports and resistances:
96800 **
95950 *
95100 **
94260
92290 last
90980
90430 **
89020 *
88180 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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