Bitcoin Intraday: the upside prevails as long as 56860 is support
Jul 12, 2024 2:23 PM
the upside prevails as long as 56860 is support.
Our pivot point stands at 56860.
Our preference: the upside prevails as long as 56860 is support.
Alternative scenario: the downside breakout of 56860 would call for 55990 and 55480.
Comment: the RSI is above 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 57186 and 57385).
Supports and resistances:
60250 **
59730 *
59220 **
58700
57600 last
57200
56860 **
55990 *
55480 **
Our preference: the upside prevails as long as 56860 is support.
Alternative scenario: the downside breakout of 56860 would call for 55990 and 55480.
Comment: the RSI is above 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 57186 and 57385).
Supports and resistances:
60250 **
59730 *
59220 **
58700
57600 last
57200
56860 **
55990 *
55480 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
Bitcoin
69208
-762.1300000000047
-108.90%
