Bitcoin Intraday: the upside prevails as long as 56810 is support
Jul 9, 2024 7:59 AM
the upside prevails as long as 56810 is support.
Our pivot point stands at 56810.
Our preference: the upside prevails as long as 56810 is support.
Alternative scenario: below 56810, expect 55940 and 55420.
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 56985 and 56722).
Supports and resistances:
60110 **
59590 *
59080 **
58560
57489 last
57150
56810 **
55940 *
55420 **
Our preference: the upside prevails as long as 56810 is support.
Alternative scenario: below 56810, expect 55940 and 55420.
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 56985 and 56722).
Supports and resistances:
60110 **
59590 *
59080 **
58560
57489 last
57150
56810 **
55940 *
55420 **
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