Bitcoin Cash / Dollar intraday: the upside prevails as long as 589.8 is support

589.8 is our pivot point.

Our preference: the upside prevails as long as 589.8 is support.

Alternative scenario: the downside breakout of 589.8 would call for 576.1 and 568.

Comment: the RSI is above its neutrality area at 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 595.1 and 594.1).

Supports and resistances:

641.7 **

633.6 *

625.4 **

617.3

600.9 last

595.2

589.8 **