Bitcoin Intraday: the upside prevails as long as 68030 is support
Nov 5, 2024 9:43 AM
the upside prevails as long as 68030 is support.
Our pivot point is at 68030.
Our preference:
the upside prevails as long as 68030 is support.
Alternative scenario:
the downside breakout of 68030 would call for 67060 and 66480.
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 68372 and 68249).
Supports and resistances:
71760 **
71180 *
70600 **
70030
68790 last
68410
68030 **
67060 *
66480 **
Our preference:
the upside prevails as long as 68030 is support.
Alternative scenario:
the downside breakout of 68030 would call for 67060 and 66480.
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 68372 and 68249).
Supports and resistances:
71760 **
71180 *
70600 **
70030
68790 last
68410
68030 **
67060 *
66480 **
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