Bitcoin Intraday: above its upper Bollinger band
Dec 24, 2024 2:02 PM
the upside prevails as long as 94560 is support.
Our pivot point stands at 94560.
Our preference:
the upside prevails as long as 94560 is support.
Alternative scenario:
below 94560, expect 92780 and 91720.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 94340 and 94076). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (95528).
Supports and resistances:
101260 **
100200 *
99140 **
98080
95960 last
95260
94560 **
92780 *
91720 **
Our preference:
the upside prevails as long as 94560 is support.
Alternative scenario:
below 94560, expect 92780 and 91720.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 94340 and 94076). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (95528).
Supports and resistances:
101260 **
100200 *
99140 **
98080
95960 last
95260
94560 **
92780 *
91720 **
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