Bitcoin Intraday: above its upper Bollinger band
Nov 6, 2024 1:05 AM
the upside prevails as long as 70410 is support.
Our pivot point stands at 70410.
Our preference:
the upside prevails as long as 70410 is support.
Alternative scenario:
below 70410, expect 69510 and 68960.
Comment:
the RSI is above 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 69865 and 69110). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 71028).
Supports and resistances:
74150 **
73610 *
73070 **
72520
71185 last
70770
70410 **
69510 *
68960 **
Our preference:
the upside prevails as long as 70410 is support.
Alternative scenario:
below 70410, expect 69510 and 68960.
Comment:
the RSI is above 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 69865 and 69110). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 71028).
Supports and resistances:
74150 **
73610 *
73070 **
72520
71185 last
70770
70410 **
69510 *
68960 **
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