Bitcoin Intraday: the upside prevails as long as 57700 is support
Sep 17, 2024 8:41 AM
the upside prevails as long as 57700 is support.

Our pivot point is at 57700.
Our preference:
the upside prevails as long as 57700 is support.
Alternative scenario:
the downside breakout of 57700 would call for 56490 and 55770.
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 trading above both its 20 and 50 period moving average (respectively at 58259 and 58221).
Supports and resistances:
62360 **
61640 *
60920 **
60200
58755 last
58180
57700 **
56490 *
55770 **
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