Bitcoin Intraday: the upside prevails as long as 63890 is support
Aug 2, 2024 2:38 AM
the upside prevails as long as 63890 is support.
Our pivot point stands at 63890.
Our preference: the upside prevails as long as 63890 is support.
Alternative scenario: the downside breakout of 63890 would call for 62940 and 62370.
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 above its 20 and 50 period moving average (respectively at 64191 and 64174).
Supports and resistances:
67510 **
66940 *
66370 **
65810
64658 last
64270
63890 **
62940 *
62370 **
Our preference: the upside prevails as long as 63890 is support.
Alternative scenario: the downside breakout of 63890 would call for 62940 and 62370.
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 above its 20 and 50 period moving average (respectively at 64191 and 64174).
Supports and resistances:
67510 **
66940 *
66370 **
65810
64658 last
64270
63890 **
62940 *
62370 **
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