Bitcoin Intraday: the upside prevails as long as 70180 is support
Oct 29, 2024 5:05 AM
the upside prevails as long as 70180 is support.
Our pivot point stands at 70180.
Our preference:
the upside prevails as long as 70180 is support.
Alternative scenario:
the downside breakout of 70180 would call for 69180 and 68580.
Comment:
the RSI is above 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 70220 and 69213).
Supports and resistances:
73980 **
73380 *
72790 **
72190
71000 last
70570
70180 **
69180 *
68580 **
Our preference:
the upside prevails as long as 70180 is support.
Alternative scenario:
the downside breakout of 70180 would call for 69180 and 68580.
Comment:
the RSI is above 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 70220 and 69213).
Supports and resistances:
73980 **
73380 *
72790 **
72190
71000 last
70570
70180 **
69180 *
68580 **
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