Bitcoin Intraday: the upside prevails as long as 76160 is support
Bitcoin (BTC/USD)
-149.76-0.19%
the upside prevails as long as 76160 is support.
76160 is our pivot point.
Our preference: the upside prevails as long as 76160 is support.
Alternative scenario: the downside breakout of 76160 would call for 75170 and 74580.
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 76673 and 76854).
Supports and resistances:
79340 *
78760 **
78170
76961 last
76160 **
75170 *
74580 **
Our preference: the upside prevails as long as 76160 is support.
Alternative scenario: the downside breakout of 76160 would call for 75170 and 74580.
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 76673 and 76854).
Supports and resistances:
79340 *
78760 **
78170
76961 last
76160 **
75170 *
74580 **
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