Bitcoin Intraday: above its upper Bollinger band
Jun 7, 2024 5:17 AM
the upside prevails as long as 70170 is support.
Our pivot point is at 70170.
Our preference: the upside prevails as long as 70170 is support.
Alternative scenario: the downside breakout of 70170 would call for 68920 and 68170.
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 70795 and 70958). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (71143).
Supports and resistances:
74900 **
74160 *
73410 **
72660
71173 last
70660
70170 **
68920 *
68170 **
Our preference: the upside prevails as long as 70170 is support.
Alternative scenario: the downside breakout of 70170 would call for 68920 and 68170.
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 70795 and 70958). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (71143).
Supports and resistances:
74900 **
74160 *
73410 **
72660
71173 last
70660
70170 **
68920 *
68170 **
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