Bitcoin Intraday: the upside prevails as long as 56160 is support
Aug 7, 2024 5:08 AM
the upside prevails as long as 56160 is support.

56160 is our pivot point.
Our preference: the upside prevails as long as 56160 is support.
Alternative scenario: below 56160, expect 55330 and 54830.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 56526 and 56052).
Supports and resistances:
59410 **
58910 *
58410 **
57920
56904 last
56490
56160 **
55330 *
54830 **
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