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Bitcoin Short Term: the upside prevails as long as 61460 is support
Oct 22, 2024 10:08 AM
the upside prevails as long as 61460 is support.
Our pivot point is at 61460.
Our preference:
the upside prevails as long as 61460 is support.
Alternative scenario:
below 61460, expect 54960 and 51090.
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 trading above both its 20 and 50 period moving average (respectively at 64481 and 62110).
Supports and resistances:
87420 **
83480 *
79540 **
75610
66938 last
64010
61460 **
54960 *
51090 **
Our preference:
the upside prevails as long as 61460 is support.
Alternative scenario:
below 61460, expect 54960 and 51090.
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 trading above both its 20 and 50 period moving average (respectively at 64481 and 62110).
Supports and resistances:
87420 **
83480 *
79540 **
75610
66938 last
64010
61460 **
54960 *
51090 **
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