Bitcoin Intraday: the upside prevails as long as 55950 is support
Aug 6, 2024 8:35 PM
the upside prevails as long as 55950 is support.

Our pivot point is at 55950.
Our preference: the upside prevails as long as 55950 is support.
Alternative scenario: below 55950, expect 55120 and 54620.
Comment: the RSI is above 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 55986 and 55512).
Supports and resistances:
59390 **
58890 *
58390 **
57890
56798 last
56280
55950 **
55120 *
54620 **
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