Bitcoin Intraday: the upside prevails as long as 60780 is support
May 15, 2024 7:02 AM
the upside prevails as long as 60780 is support.

Our pivot point stands at 60780.
Our preference: the upside prevails as long as 60780 is support.
Alternative scenario: the downside breakout of 60780 would call for 59440 and 58650.
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 61728 and 61698).
Supports and resistances:
65860 **
65070 *
64270 **
63480
61849 last
61300
60780 **
59440 *
58650 **
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