Bitcoin Intraday: the upside prevails as long as 56220 is support

Aug 7, 2024 3:14 AM

the upside prevails as long as 56220 is support.

Our pivot point stands at 56220.
Our preference: the upside prevails as long as 56220 is support.
Alternative scenario: below 56220, expect 55390 and 54890.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 56501 and 55963).
Supports and resistances:
59480 **
58980 *
58480 **
57980
56881 last
56550
56220 **
55390 *
54890 **

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