Bitcoin Intraday: above its upper Bollinger band

Oct 30, 2024 8:50 PM
the upside prevails as long as 71340 is support.
image
Our pivot point stands at 71340.
Our preference:
the upside prevails as long as 71340 is support.
Alternative scenario:
the downside breakout of 71340 would call for 70320 and 69720.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 72019 and 72196). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (72457).
Supports and resistances:
75720 **
75110 *
74500 **
73890
72654 last
71740
71340 **
70320 *
69720 **
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
75994.01
-80.80
-0.11%
* 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 judgement of the analyst, without considering the investment objectives and financial situation of the investors.
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