Bitcoin Intraday: the upside prevails as long as 68490 is support
Nov 4, 2024 3:08 AM
the upside prevails as long as 68490 is support.
68490 is our pivot point.
Our preference:
the upside prevails as long as 68490 is support.
Alternative scenario:
below 68490, expect 67520 and 66940.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68780 and 68494).
Supports and resistances:
72340 **
71760 *
71180 **
70600
69332 last
68880
68490 **
67520 *
66940 **
Our preference:
the upside prevails as long as 68490 is support.
Alternative scenario:
below 68490, expect 67520 and 66940.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68780 and 68494).
Supports and resistances:
72340 **
71760 *
71180 **
70600
69332 last
68880
68490 **
67520 *
66940 **
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