Bitcoin Intraday: Target 86,147

Our pivot point is at 83,408.

Our preference: The upside prevails as long as 83,408 is support, with 86,147 and 86,826 as targets

Alternative scenario: below 83,408, expect 82,274 and 81,599.

Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 83,126 and 81,894).

Supports and resistances:
87,505 *
86,826 **
86,147
84,938 last
83,408 **
82,274 *
81,599 **