Bitcoin Intraday: the upside prevails as long as 65800 is support
Oct 15, 2024 7:50 PM
the upside prevails as long as 65800 is support.
Our pivot point stands at 65800.
Our preference:
the upside prevails as long as 65800 is support.
Alternative scenario:
the downside breakout of 65800 would call for 64780 and 64180.
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 66269 and 65959).
Supports and resistances:
69960 **
69360 *
68750 **
68150
66862 last
66200
65800 **
64780 *
64180 **
Our preference:
the upside prevails as long as 65800 is support.
Alternative scenario:
the downside breakout of 65800 would call for 64780 and 64180.
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 66269 and 65959).
Supports and resistances:
69960 **
69360 *
68750 **
68150
66862 last
66200
65800 **
64780 *
64180 **
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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