Bitcoin Intraday: above its upper Bollinger band
Oct 30, 2024 8:50 PM
the upside prevails as long as 71340 is support.
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 **
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