Bitcoin Intraday: the upside prevails as long as 66710 is support
Oct 24, 2024 1:02 PM
the upside prevails as long as 66710 is support.
Our pivot point stands at 66710.
Our preference:
the upside prevails as long as 66710 is support.
Alternative scenario:
the downside breakout of 66710 would call for 65760 and 65190.
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 67137 and 66735).
Supports and resistances:
70280 **
69720 *
69150 **
68580
67453 last
67080
66710 **
65760 *
65190 **
Our preference:
the upside prevails as long as 66710 is support.
Alternative scenario:
the downside breakout of 66710 would call for 65760 and 65190.
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 67137 and 66735).
Supports and resistances:
70280 **
69720 *
69150 **
68580
67453 last
67080
66710 **
65760 *
65190 **
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