Bitcoin Intraday: the upside prevails as long as 64940 is support
Jul 17, 2024 2:56 AM
the upside prevails as long as 64940 is support.
Our pivot point stands at 64940.
Our preference: the upside prevails as long as 64940 is support.
Alternative scenario: the downside breakout of 64940 would call for 63970 and 63400.
Comment: the RSI is above 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 65004 and 64318).
Supports and resistances:
68750 **
68170 *
67600 **
67020
65865 last
65320
64940 **
63970 *
63400 **
Our preference: the upside prevails as long as 64940 is support.
Alternative scenario: the downside breakout of 64940 would call for 63970 and 63400.
Comment: the RSI is above 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 65004 and 64318).
Supports and resistances:
68750 **
68170 *
67600 **
67020
65865 last
65320
64940 **
63970 *
63400 **
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