Bitcoin Intraday: the upside prevails as long as 62360 is support
Jul 2, 2024 5:18 AM
the upside prevails as long as 62360 is support.
Our pivot point stands at 62360.
Our preference: the upside prevails as long as 62360 is support.
Alternative scenario: the downside breakout of 62360 would call for 61460 and 60930.
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 trading above both its 20 and 50 period moving average (respectively at 63014 and 63023).
Supports and resistances:
65780 **
65240 *
64710 **
64170
63066 last
62710
62360 **
61460 *
60930 **
Our preference: the upside prevails as long as 62360 is support.
Alternative scenario: the downside breakout of 62360 would call for 61460 and 60930.
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 trading above both its 20 and 50 period moving average (respectively at 63014 and 63023).
Supports and resistances:
65780 **
65240 *
64710 **
64170
63066 last
62710
62360 **
61460 *
60930 **
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