Bitcoin Intraday: the upside prevails as long as 67850 is support
Nov 3, 2024 8:50 PM
the upside prevails as long as 67850 is support.
Our pivot point stands at 67850.
Our preference:
the upside prevails as long as 67850 is support.
Alternative scenario:
the downside breakout of 67850 would call for 66880 and 66310.
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 68255 and 68567).
Supports and resistances:
71730 **
71160 *
70580 **
70000
68825 last
68230
67850 **
66880 *
66310 **
Our preference:
the upside prevails as long as 67850 is support.
Alternative scenario:
the downside breakout of 67850 would call for 66880 and 66310.
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 68255 and 68567).
Supports and resistances:
71730 **
71160 *
70580 **
70000
68825 last
68230
67850 **
66880 *
66310 **
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