Bitcoin Intraday: above its upper Bollinger band
Jul 18, 2024 2:38 AM
rebound.
63900 is our pivot point.
Our preference: rebound.
Alternative scenario: below 63900, expect 62950 and 62380.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (64422) but under its 50 period moving average (64943). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (64845).
Supports and resistances:
67920 **
67350 *
66780 **
66210
64894 last
64280
63900 **
62950 *
62380 **
Our preference: rebound.
Alternative scenario: below 63900, expect 62950 and 62380.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (64422) but under its 50 period moving average (64943). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (64845).
Supports and resistances:
67920 **
67350 *
66780 **
66210
64894 last
64280
63900 **
62950 *
62380 **
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