Bitcoin Short Term: as long as 62790 is support look for 79980
Nov 5, 2024 11:05 AM
as long as 62790 is support look for 79980.

Our pivot point stands at 62790.
Our preference:
as long as 62790 is support look for 79980.
Alternative scenario:
the downside breakout of 62790 would call for 56820 and 53270.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 68682 and 65379).
Supports and resistances:
87250 **
83610 *
79980 **
76340
68789 last
65140
62790 **
56820 *
53270 **
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