Bitcoin Intraday: above its upper Bollinger band
Jul 22, 2024 9:05 PM
the upside prevails as long as 66870 is support.
Our pivot point stands at 66870.
Our preference: the upside prevails as long as 66870 is support.
Alternative scenario: the downside breakout of 66870 would call for 65880 and 65280.
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 67361 and 67609). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (68069).
Supports and resistances:
71190 **
70600 *
70000 **
69400
68206 last
67260
66870 **
65880 *
65280 **
Our preference: the upside prevails as long as 66870 is support.
Alternative scenario: the downside breakout of 66870 would call for 65880 and 65280.
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 67361 and 67609). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (68069).
Supports and resistances:
71190 **
70600 *
70000 **
69400
68206 last
67260
66870 **
65880 *
65280 **
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
69389.35
-580.7799999999988
-83.00%
