Bitcoin Short Term: the upside prevails as long as 59790 is support
Oct 15, 2024 10:09 AM
the upside prevails as long as 59790 is support.
Our pivot point is at 59790.
Our preference:
the upside prevails as long as 59790 is support.
Alternative scenario:
the downside breakout of 59790 would call for 52920 and 48830.
Comment:
the RSI is above 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 63013 and 60826).
Supports and resistances:
87020 **
82870 *
78710 **
74560
65588 last
62490
59790 **
52920 *
48830 **
Our preference:
the upside prevails as long as 59790 is support.
Alternative scenario:
the downside breakout of 59790 would call for 52920 and 48830.
Comment:
the RSI is above 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 63013 and 60826).
Supports and resistances:
87020 **
82870 *
78710 **
74560
65588 last
62490
59790 **
52920 *
48830 **
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