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Bitcoin Short Term: the upside prevails as long as 70120 is support
Apr 28, 2026 10:07 AM
the upside prevails as long as 70120 is support.
Our pivot point stands at 70120.
Our preference:
the upside prevails as long as 70120 is support.
Alternative scenario:
the downside breakout of 70120 would call for 62080 and 57300.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 75517 and 71969).
Supports and resistances:
97280 *
92410 **
87540
76661 last
70120 **
62080 *
57300 **
Our preference:
the upside prevails as long as 70120 is support.
Alternative scenario:
the downside breakout of 70120 would call for 62080 and 57300.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 75517 and 71969).
Supports and resistances:
97280 *
92410 **
87540
76661 last
70120 **
62080 *
57300 **
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.
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