Bitcoin Intraday: the upside prevails as long as 61040 is support
May 15, 2024 9:07 AM
the upside prevails as long as 61040 is support.
Our pivot point is at 61040.
Our preference: the upside prevails as long as 61040 is support.
Alternative scenario: the downside breakout of 61040 would call for 59700 and 58910.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 61825 and 61717).
Supports and resistances:
66070 **
65270 *
64480 **
63680
62090 last
61560
61040 **
59700 *
58910 **
Our preference: the upside prevails as long as 61040 is support.
Alternative scenario: the downside breakout of 61040 would call for 59700 and 58910.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 61825 and 61717).
Supports and resistances:
66070 **
65270 *
64480 **
63680
62090 last
61560
61040 **
59700 *
58910 **
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