Bitcoin Intraday: the upside prevails as long as 68680 is support
Oct 28, 2024 8:50 PM
the upside prevails as long as 68680 is support.
Our pivot point is at 68680.
Our preference:
the upside prevails as long as 68680 is support.
Alternative scenario:
below 68680, expect 67700 and 67120.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68939 and 68357).
Supports and resistances:
72430 **
71840 *
71260 **
70680
69500 last
69070
68680 **
67700 *
67120 **
Our preference:
the upside prevails as long as 68680 is support.
Alternative scenario:
below 68680, expect 67700 and 67120.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68939 and 68357).
Supports and resistances:
72430 **
71840 *
71260 **
70680
69500 last
69070
68680 **
67700 *
67120 **
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