Bitcoin Intraday: the upside prevails as long as 60070 is support
Aug 22, 2024 8:41 AM
the upside prevails as long as 60070 is support.

Our pivot point is at 60070.
Our preference:
the upside prevails as long as 60070 is support.
Alternative scenario:
the downside breakout of 60070 would call for 58850 and 58120.
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 60826 and 60375).
Supports and resistances:
64710 **
63980 *
63250 **
62520
61060 last
60550
60070 **
58850 *
58120 **
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