Bitcoin Intraday: as long as 66860 is support look for 69700
Oct 16, 2024 7:50 PM
as long as 66860 is support look for 69700.
Our pivot point stands at 66860.
Our preference:
as long as 66860 is support look for 69700.
Alternative scenario:
the downside breakout of 66860 would call for 65830 and 65220.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (67804) but above its 50 period moving average (67310).
Supports and resistances:
70930 **
70320 *
69700 **
69090
67681 last
67260
66860 **
65830 *
65220 **
Our preference:
as long as 66860 is support look for 69700.
Alternative scenario:
the downside breakout of 66860 would call for 65830 and 65220.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (67804) but above its 50 period moving average (67310).
Supports and resistances:
70930 **
70320 *
69700 **
69090
67681 last
67260
66860 **
65830 *
65220 **
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