Bitcoin Intraday: as long as 71050 is support look for 74020
Oct 29, 2024 8:50 PM
as long as 71050 is support look for 74020.
Our pivot point stands at 71050.
Our preference:
as long as 71050 is support look for 74020.
Alternative scenario:
the downside breakout of 71050 would call for 70040 and 69440.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 72097 and 71170).
Supports and resistances:
75230 **
74620 *
74020 **
73410
72200 last
71450
71050 **
70040 *
69440 **
Our preference:
as long as 71050 is support look for 74020.
Alternative scenario:
the downside breakout of 71050 would call for 70040 and 69440.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 72097 and 71170).
Supports and resistances:
75230 **
74620 *
74020 **
73410
72200 last
71450
71050 **
70040 *
69440 **
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.
Related Instruments
Bitcoin
90887.72
344.8600000000006
+38.10%
