Bitcoin Intraday: above its upper Bollinger band
Jun 4, 2024 2:38 PM
the upside prevails as long as 68300 is support.
Our pivot point stands at 68300.
Our preference: the upside prevails as long as 68300 is support.
Alternative scenario: the downside breakout of 68300 would call for 67080 and 66360.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 68988 and 69100). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 69470).
Supports and resistances:
73340 **
72610 *
71880 **
71150
69680 last
68780
68300 **
67080 *
66360 **
Our preference: the upside prevails as long as 68300 is support.
Alternative scenario: the downside breakout of 68300 would call for 67080 and 66360.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 68988 and 69100). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 69470).
Supports and resistances:
73340 **
72610 *
71880 **
71150
69680 last
68780
68300 **
67080 *
66360 **
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