Bitcoin Intraday: above its upper Bollinger band
Jun 27, 2024 2:21 PM
the upside prevails as long as 60770 is support.

Our pivot point stands at 60770.
Our preference: the upside prevails as long as 60770 is support.
Alternative scenario: below 60770, expect 59800 and 59220.
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 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 61043 and 61082). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (61626).
Supports and resistances:
64640 **
64070 *
63490 **
62910
61732 last
61150
60770 **
59800 *
59220 **
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