Bitcoin Intraday: the upside prevails as long as 69700 is support
Feb 6, 2026 8:14 PM
the upside prevails as long as 69700 is support.
Our pivot point is at 69700.
Our preference:
the upside prevails as long as 69700 is support.
Alternative scenario:
the downside breakout of 69700 would call for 68810 and 68280.
Comment:
the RSI is above 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 68447 and 66092).
Supports and resistances:
73450 **
72920 *
72390 **
71860
70475 last
70040
69700 **
68810 *
68280 **
Our preference:
the upside prevails as long as 69700 is support.
Alternative scenario:
the downside breakout of 69700 would call for 68810 and 68280.
Comment:
the RSI is above 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 68447 and 66092).
Supports and resistances:
73450 **
72920 *
72390 **
71860
70475 last
70040
69700 **
68810 *
68280 **
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