Bitcoin Intraday: the upside prevails as long as 94340 is support
Bitcoin (BTC/USD)
-2828.75-2.97%
the upside prevails as long as 94340 is support.
Our pivot point is at 94340.
Our preference: the upside prevails as long as 94340 is support.
Alternative scenario: the downside breakout of 94340 would call for 93160 and 92450.
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 95152 and 95131).
Supports and resistances:
98850 **
98140 *
97440 **
96740
95266 last
94800
94340 **
93160 *
92450 **
Our preference: the upside prevails as long as 94340 is support.
Alternative scenario: the downside breakout of 94340 would call for 93160 and 92450.
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 95152 and 95131).
Supports and resistances:
98850 **
98140 *
97440 **
96740
95266 last
94800
94340 **
93160 *
92450 **
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