Bitcoin Intraday: the upside prevails as long as 67790 is support
Oct 18, 2024 7:50 PM
the upside prevails as long as 67790 is support.
Our pivot point stands at 67790.
Our preference:
the upside prevails as long as 67790 is support.
Alternative scenario:
the downside breakout of 67790 would call for 66740 and 66120.
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 68340 and 67893).
Supports and resistances:
71960 **
71330 *
70710 **
70090
68610 last
68200
67790 **
66740 *
66120 **
Our preference:
the upside prevails as long as 67790 is support.
Alternative scenario:
the downside breakout of 67790 would call for 66740 and 66120.
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 68340 and 67893).
Supports and resistances:
71960 **
71330 *
70710 **
70090
68610 last
68200
67790 **
66740 *
66120 **
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