Bitcoin Intraday: the upside prevails as long as 62750 is support
Bitcoin (BTC/USD)
+1718.27+2.78%
the upside prevails as long as 62750 is support.
Our pivot point is at 62750.
Our preference: the upside prevails as long as 62750 is support.
Alternative scenario: the downside breakout of 62750 would call for 62020 and 61580.
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 63170 and 62707).
Supports and resistances:
65480 *
65040 **
64600
63513 last
62750 **
62020 *
61580 **
Our preference: the upside prevails as long as 62750 is support.
Alternative scenario: the downside breakout of 62750 would call for 62020 and 61580.
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 63170 and 62707).
Supports and resistances:
65480 *
65040 **
64600
63513 last
62750 **
62020 *
61580 **
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