Bitcoin Intraday: the upside prevails as long as 96030 is support
Dec 11, 2024 7:50 AM
the upside prevails as long as 96030 is support.
Our pivot point is at 96030.
Our preference:
the upside prevails as long as 96030 is support.
Alternative scenario:
the downside breakout of 96030 would call for 94310 and 93290.
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 97030 and 96870).
Supports and resistances:
102760 **
101740 *
100720 **
99690
97370 last
96700
96030 **
94310 *
93290 **
Our preference:
the upside prevails as long as 96030 is support.
Alternative scenario:
the downside breakout of 96030 would call for 94310 and 93290.
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 97030 and 96870).
Supports and resistances:
102760 **
101740 *
100720 **
99690
97370 last
96700
96030 **
94310 *
93290 **
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