Bitcoin Intraday: the upside prevails as long as 59820 is support
Aug 23, 2024 2:05 AM
the upside prevails as long as 59820 is support.

Our pivot point stands at 59820.
Our preference:
the upside prevails as long as 59820 is support.
Alternative scenario:
the downside breakout of 59820 would call for 58600 and 57870.
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 60502 and 60691).
Supports and resistances:
64430 **
63700 *
62980 **
62250
60790 last
60290
59820 **
58600 *
57870 **
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