Bitcoin Intraday: above its upper Bollinger band

Bitcoin (BTC/USD)
+323.06+0.42%
the upside prevails as long as 77040 is support.
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Our pivot point is at 77040.

Our preference: the upside prevails as long as 77040 is support.

Alternative scenario: below 77040, expect 75750 and 74990.

Comment: the RSI is above 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 77593 and 77571). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (77975).

Supports and resistances:
81240 *
80470 **
79710
78070 last
77040 **
75750 *
74990 **

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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