Bitcoin Intraday: the upside prevails as long as 62990 is support
Bitcoin (BTC/USD)
+1130.95+1.80%
the upside prevails as long as 62990 is support.
Our pivot point is at 62990.
Our preference: the upside prevails as long as 62990 is support.
Alternative scenario: the downside breakout of 62990 would call for 62210 and 61740.
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 62785 and 62998).
Supports and resistances:
65560 *
65090 **
64630
63642 last
62990 **
62210 *
61740 **
Our preference: the upside prevails as long as 62990 is support.
Alternative scenario: the downside breakout of 62990 would call for 62210 and 61740.
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 62785 and 62998).
Supports and resistances:
65560 *
65090 **
64630
63642 last
62990 **
62210 *
61740 **
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