Bitcoin Intraday: above its upper Bollinger band
Dec 6, 2024 2:03 PM
rebound.
97310 is our pivot point.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 97310 would call for 95590 and 94570.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (98197) but below its 50 period moving average (98856). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 98721).
Supports and resistances:
103890 **
102870 *
101840 **
100820
98775 last
97980
97310 **
95590 *
94570 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 97310 would call for 95590 and 94570.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (98197) but below its 50 period moving average (98856). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 98721).
Supports and resistances:
103890 **
102870 *
101840 **
100820
98775 last
97980
97310 **
95590 *
94570 **
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