Bitcoin Intraday: above its upper Bollinger band
Aug 29, 2024 6:47 AM
the upside prevails as long as 58570 is support.
Our pivot point is at 58570.
Our preference:
the upside prevails as long as 58570 is support.
Alternative scenario:
the downside breakout of 58570 would call for 57360 and 56640.
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 59203 and 59282). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 59581).
Supports and resistances:
63350 **
62630 *
61910 **
61190
59670 last
59040
58570 **
57360 *
56640 **
Our preference:
the upside prevails as long as 58570 is support.
Alternative scenario:
the downside breakout of 58570 would call for 57360 and 56640.
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 59203 and 59282). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 59581).
Supports and resistances:
63350 **
62630 *
61910 **
61190
59670 last
59040
58570 **
57360 *
56640 **
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