Bitcoin Intraday: the upside prevails as long as 60620 is support
Oct 11, 2024 1:02 PM
the upside prevails as long as 60620 is support.

60620 is our pivot point.
Our preference:
the upside prevails as long as 60620 is support.
Alternative scenario:
below 60620, expect 59700 and 59150.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 60867 and 60463).
Supports and resistances:
64100 **
63550 *
63000 **
62450
61350 last
60990
60620 **
59700 *
59150 **
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