Bitcoin Intraday: the upside prevails as long as 65480 is support
Jul 31, 2024 9:00 AM
the upside prevails as long as 65480 is support.
Our pivot point is at 65480.
Our preference: the upside prevails as long as 65480 is support.
Alternative scenario: the downside breakout of 65480 would call for 64510 and 63930.
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 66163 and 66224).
Supports and resistances:
69190 **
68610 *
68030 **
67450
66264 last
65870
65480 **
64510 *
63930 **
Our preference: the upside prevails as long as 65480 is support.
Alternative scenario: the downside breakout of 65480 would call for 64510 and 63930.
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 66163 and 66224).
Supports and resistances:
69190 **
68610 *
68030 **
67450
66264 last
65870
65480 **
64510 *
63930 **
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