Bitcoin Intraday: the upside prevails as long as 64000 is support
Jul 18, 2024 9:26 AM
the upside prevails as long as 64000 is support.
Our pivot point stands at 64000.
Our preference: the upside prevails as long as 64000 is support.
Alternative scenario: the downside breakout of 64000 would call for 63040 and 62480.
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 64629 and 64699).
Supports and resistances:
67630 **
67060 *
66490 **
65930
64790 last
64370
64000 **
63040 *
62480 **
Our preference: the upside prevails as long as 64000 is support.
Alternative scenario: the downside breakout of 64000 would call for 63040 and 62480.
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 64629 and 64699).
Supports and resistances:
67630 **
67060 *
66490 **
65930
64790 last
64370
64000 **
63040 *
62480 **
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