Bitcoin Intraday: the upside prevails as long as 56290 is support
Jul 8, 2024 2:29 PM
the upside prevails as long as 56290 is support.

Our pivot point stands at 56290.
Our preference: the upside prevails as long as 56290 is support.
Alternative scenario: below 56290, expect 55480 and 55000.
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 above its 20 and 50 period moving average (respectively at 56563 and 56463).
Supports and resistances:
59730 **
59250 *
58760 **
58280
56966 last
56600
56290 **
55480 *
55000 **
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