Bitcoin Intraday: above its upper Bollinger band
Oct 4, 2024 1:02 PM
the upside prevails as long as 60930 is support.
Our pivot point stands at 60930.
Our preference:
the upside prevails as long as 60930 is support.
Alternative scenario:
the downside breakout of 60930 would call for 59730 and 59020.
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 above its 20 and 50 period moving average (respectively at 61349 and 60939). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 61842).
Supports and resistances:
65440 **
64730 *
64010 **
63300
61874 last
61400
60930 **
59730 *
59020 **
Our preference:
the upside prevails as long as 60930 is support.
Alternative scenario:
the downside breakout of 60930 would call for 59730 and 59020.
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 above its 20 and 50 period moving average (respectively at 61349 and 60939). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 61842).
Supports and resistances:
65440 **
64730 *
64010 **
63300
61874 last
61400
60930 **
59730 *
59020 **
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