Bitcoin Intraday: above its upper Bollinger band

Jul 8, 2024 10:19 AM

our next up target stands at 58400.

55970 is our pivot point.
Our preference: our next up target stands at 58400.
Alternative scenario: the downside breakout of 55970 would call for 55170 and 54690.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 55604 and 56509). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (56735).
Supports and resistances:
59360 **
58880 *
58400 **
57910
56926 last
56290
55970 **
55170 *
54690 **

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