Bitcoin Short Term: as long as 86530 is support look for 119510
Dec 10, 2024 11:05 AM
as long as 86530 is support look for 119510.
Our pivot point is at 86530.
Our preference:
as long as 86530 is support look for 119510.
Alternative scenario:
below 86530, expect 74880 and 67940.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 97226 and 85336).
Supports and resistances:
133740 **
126620 *
119510 **
112390
97637 last
91110
86530 **
74880 *
67940 **
Our preference:
as long as 86530 is support look for 119510.
Alternative scenario:
below 86530, expect 74880 and 67940.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 97226 and 85336).
Supports and resistances:
133740 **
126620 *
119510 **
112390
97637 last
91110
86530 **
74880 *
67940 **
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