Bitcoin Intraday: the upside prevails as long as 60200 is support
Aug 23, 2024 8:41 AM
the upside prevails as long as 60200 is support.

Our pivot point is at 60200.
Our preference:
the upside prevails as long as 60200 is support.
Alternative scenario:
the downside breakout of 60200 would call for 58970 and 58240.
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 trading above both its 20 and 50 period moving average (respectively at 60816 and 60743).
Supports and resistances:
64880 **
64150 *
63420 **
62690
61190 last
60680
60200 **
58970 *
58240 **
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