Bitcoin Intraday: the upside prevails as long as 62930 is support
Oct 1, 2024 6:46 AM
the upside prevails as long as 62930 is support.
Our pivot point is at 62930.
Our preference:
the upside prevails as long as 62930 is support.
Alternative scenario:
the downside breakout of 62930 would call for 61670 and 60920.
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 63581 and 63729).
Supports and resistances:
67730 **
66980 *
66230 **
65480
63926 last
63430
62930 **
61670 *
60920 **
Our preference:
the upside prevails as long as 62930 is support.
Alternative scenario:
the downside breakout of 62930 would call for 61670 and 60920.
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 63581 and 63729).
Supports and resistances:
67730 **
66980 *
66230 **
65480
63926 last
63430
62930 **
61670 *
60920 **
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