Bitcoin Intraday: the upside prevails as long as 60000 is support
Oct 4, 2024 4:05 AM
the upside prevails as long as 60000 is support.
Our pivot point stands at 60000.
Our preference:
the upside prevails as long as 60000 is support.
Alternative scenario:
the downside breakout of 60000 would call for 58820 and 58120.
Comment:
the RSI is above 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 60864 and 60778).
Supports and resistances:
64510 **
63800 *
63100 **
62400
60985 last
60470
60000 **
58820 *
58120 **
Our preference:
the upside prevails as long as 60000 is support.
Alternative scenario:
the downside breakout of 60000 would call for 58820 and 58120.
Comment:
the RSI is above 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 60864 and 60778).
Supports and resistances:
64510 **
63800 *
63100 **
62400
60985 last
60470
60000 **
58820 *
58120 **
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