Bitcoin Intraday: above its upper Bollinger band
Jan 4, 2025 8:50 PM
the upside prevails as long as 96950 is support.
Our pivot point is at 96950.
Our preference:
the upside prevails as long as 96950 is support.
Alternative scenario:
below 96950, expect 95110 and 94010.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 97948 and 98013). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 98414).
Supports and resistances:
104110 **
103010 *
101910 **
100810
98541 last
97680
96950 **
95110 *
94010 **
Our preference:
the upside prevails as long as 96950 is support.
Alternative scenario:
below 96950, expect 95110 and 94010.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 97948 and 98013). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 98414).
Supports and resistances:
104110 **
103010 *
101910 **
100810
98541 last
97680
96950 **
95110 *
94010 **
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