Bitcoin Intraday: the upside prevails as long as 87640 is support
Bitcoin (BTC/USD)
+168.18+0.19%
the upside prevails as long as 87640 is support.
Our pivot point stands at 87640.
Our preference: the upside prevails as long as 87640 is support.
Alternative scenario: below 87640, expect 86590 and 85960.
Comment: the RSI is above 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 88253 and 87978).
Supports and resistances:
91600 **
90980 *
90350 **
89720
88467 last
88050
87640 **
86590 *
85960 **
Our preference: the upside prevails as long as 87640 is support.
Alternative scenario: below 87640, expect 86590 and 85960.
Comment: the RSI is above 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 88253 and 87978).
Supports and resistances:
91600 **
90980 *
90350 **
89720
88467 last
88050
87640 **
86590 *
85960 **
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