Bitcoin Intraday: The upside prevails as long as 76,939 is support
Bitcoin (BTC/USD)
+4279.94+5.90%
The upside prevails as long as 76,939 is support, with 79,078 and 79,446 as targets
Our pivot point is at 76,939.
Our preference: The upside prevails as long as 76,939 is support, with 79,078 and 79,446 as targets
Alternative scenario: below 76,939, expect 76,329 and 75,966.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 75,797 and 73,753).
Supports and resistances:
79,813 *
79,446 **
79,078
77,899 last
76,939 **
76,329 *
75,966 **
Our preference: The upside prevails as long as 76,939 is support, with 79,078 and 79,446 as targets
Alternative scenario: below 76,939, expect 76,329 and 75,966.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 75,797 and 73,753).
Supports and resistances:
79,813 *
79,446 **
79,078
77,899 last
76,939 **
76,329 *
75,966 **
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